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Indorama Reports Rise in Profits and Sales

6:12 AM MST | February 22, 2012 | Deepti Ramesh

Indorama Ventures (Bangkok) reported a 49.4% increase in profits for 2011, compared with 2010, to baht15.56 billion ($510 million). Net sales for 2011 increased 92%, to baht186.09 billion Indorama’s polyethylene terephthalate (PET) business reported sales of baht129.6 billion for 2011, compared with sales of baht55.8 billion in 2010. The business recorded a profit of baht8.9 billion in 2011, compared with baht2.7 in 2010. Indorama’s purified terephthalic acid (PTA) business reported sales of baht62.69 billion in 2011 compared with baht47.99 billion in...

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