IVL projects B4.5bn loss from Lop Buri shutdown
But 25% sales growth estimated next year
- Published: 12/11/2011 at 02:59 AM
- Newspaper section: Business
Indorama Ventures Plc (IVL) expects a revenue loss of US$150 million (4.5 billion baht) from the six-month closure of its Lop Buri plant next year because of floods, but the SET-listed company expects sales will grow by 25% to 240 billion baht in 2012.
The world’s largest integrated polyester chain producer aims to conclude a major acquisition worth 6 billion baht in the final quarter, giving it a presence in the US, Europe and China, with yearly revenue of 12 billion baht.
Group CEO Aloke Lohia said yesterday that the Lop Buri plant was projected to resume full production in the middle of next year. Producing wool, polyethylene terephthalate (PET) and bottles, the Lop Buri factory has been closed since Sept 23.
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About the author
- Writer: Nareerat Wiriyapong
- Position: Business Reporter
