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Acquisitions Boost Indorama's Profits and Sales; Recycling Facility Planned

8:22 AM MDT | August 11, 2011 | Ian Young

Indorama Ventures (Bangkok) says its Ebitda almost doubled in the second quarter compared with the same period of last year, to $181 million on a more than doubling in sales, to $1.7 billion. Acquisitions in Europe and North America, as well as firm demand, boosted earnings and sales, the company says. "Our presence in Europe and North America has benefited the business in contrast with what the market was telling us," says Indorama CEO Aloke Lohia. "The current economic slowdown in the West did not impact sales and spreads because our business is...

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