Indorama Ventures Public Company Limited (IVL), has noted surge in second quarter sales to THB 61.2 billion. Aloke Lohia, Group CEO said, “We now have a keen focus on what has become a very successful strategy over the last few years. We have enhanced our high value-added (HVA) product profile so that it now constitutes 22% of our production volumes and 45% of our core EBITDA. Currently we have a unique mix of high value-added products in our portfolio serving the automotive, hygiene, industrial and packaging sectors. This HVA segment saw a significant 31% YoY growth in its core EBITDA over the previous 12 months.”
Net profit before taxes in the 2nd Quarter 2015 grew by 27.7% over 2014 to THB 2.3 billion while earnings per share for the quarter rose exponentially to THB 1.04 from THB 0.30 in the same quarter last year.
IVL capacity grew by one million tonnes to reach 8.5 million tonnes following its acquisitions in 2015 and this is expected to grow a further 700,000 tonnes in the second half of the year under its ongoing M&A CAPEX plan.