Pic: Indorama Ventures Limited
Indorama Ventures Public Company Limited (IVL), a global chemical producer, has delivered record sales volume up with 18 per cent year-over-year (YoY) to 3.6 million tonnes in its third quarter (Q3) for fiscal 2020. Company’s YoY revenue for the reported quarter fell 9 per cent to THB 2.6 billion (Thai baht) while net profit was THB 380 million.
IVL’s performance this year provided the company significant insights into the growth of the future market, while the company remains on a path towards enhanced incremental performance progress, from 4 per cent ROCE (Return on Capital Employed) towards our target ROCE of 15 per cent by 2023.
Sales of fibres for Q3 FY20 jumped 47 per cent driven by recovery in lifestyle and mobility from Covid impact.
In its press release, IVL stated that this continuous volume growth is an indication of resilient nature of the company’s products and the global access it has to the customers.
Fibre2Fashion News Desk (JL)
Indorama Ventures Public Company Limited (IVL), a global chemical producer, has delivered record sales volume up with 18 per cent year-over-year (YoY) to 3.6 million tonnes in its third quarter (Q3) for fiscal 2020. Company's YoY revenue for the reported quarter fell 9 per cent to THB 2.6 billion (Thai baht) while net profit was THB 380 million.