Thailand’s Indorama posts stronger results in 2014
The company’s earnings before interest, taxes, depreciation and amortization (EBITDA) also increased 30% year over year to reach THB19.5 billion ($599 million) in 2014 while cash from operations climbed 114% to THB22.4 billion ($688 million) in the previous year.
The company reportedly stated that even though falling crude oil prices caused a downward adjustment in the value of their inventories in the fourth quarter, this factor improved their cash flow from operations owing to the usage of less working capital.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Initial ABS prices for July see larger increases than PS in Europe
- Supply constraints spark stronger PE trend than PP in global markets
- ABS, PS uptrend falters in China after H1 2020 ends at multi-month highs
- Stats: China’s total PP imports spike in May; Vietnam and India’s rising shares shine out
- Tight supply drives HDPE, LLDPE gains in Southeast Asia
- European PE markets set for 2nd bullish month on rising costs
- Turkey’s PP and PE markets propelled to a firm start to H2 despite vulnerable conditions
- Asian PVC sees V-shaped recovery in Q2, what will Q3 bring?
- Will capacity additions cast cloud on ethylene upsurge in Asia?
- US PVC offers in Egypt rise steadily but resistance grows in tandem