1975 CE
Indorama Synthetics Ltd. Founded
Indorama Synthetics Ltd. is established in Bangkok, Thailand, by the Lohia family led by S. P. Lohia, starting with a small textile manufacturing operation. #business #founding
Chronological Storyline (29 Milestones)
1982 CE
Entry into Polyester Yarn Production
Indorama begins manufacturing polyester yarn, marking its first step into the petrochemical value chain. #manufacturing #expansion
1994 CE
Establishment of PET Resin Plant
The company builds its first PET resin plant in Thailand, entering the packaging market. #petrochemical #innovation
1995 CE
First International Expansion to Indonesia
Indorama sets up a PET resin manufacturing facility in Indonesia, beginning its global footprint. #globalexpansion #asia
2003 CE
Acquisition of Trevira's PET Business
Indorama acquires the PET business of Trevira GmbH, gaining a foothold in Europe. #acquisition #europe
2005 CE
Acquisition of INVISTA's PET and PTA Assets (First Phase)
Indorama acquires INVISTA's polyethylene terephthalate (PET) and purified terephthalic acid (PTA) businesses, significantly boosting capacity. #acquisition #petrochemical
2005 CE
IPO on the Stock Exchange of Thailand
Indorama Ventures Public Company Limited lists on the Stock Exchange of Thailand (SET) under the ticker IVL, raising capital for expansion. #finance #ipo
2007 CE
Construction of PTA Plant in Rotterdam
Indorama builds a world-scale PTA plant in the Netherlands, becoming a major European producer. #construction #europe
2008 CE
Acquisition of Wellman International
Indorama acquires Wellman International, a leading European PET and recycling firm, expanding into recycled PET. #acquisition #recycling
2010 CE
Listing on the Singapore Exchange (SGX)
Indorama Ventures lists on the Singapore Exchange as a secondary listing, increasing international investor access. #finance #listing
2011 CE
Acquisition of INVISTA's PET and PTA Businesses (Final Phase)
Indorama completes the full acquisition of INVISTA's PET and PTA operations, including assets in the US, making it the world's largest PET producer. #acquisition #global
2012 CE
Acquisition of Auriga Polymers
Indorama acquires Auriga Polymers, a US-based PET and PTA producer, strengthening its North American presence. #acquisition #northamerica
2013 CE
Acquisition of CEPSA's PET Business
Indorama purchases the PET business of CEPSA Química in Spain, expanding in Southern Europe. #acquisition #europe
2014 CE
Acquisition of PET and PTA Business of Mossi & Ghisolfi (M&G)
Indorama acquires the PET and PTA operations of M&G in the US, adding significant capacity. #acquisition #petrochemical
2015 CE
Acquisition of DuPont's PET Business
Indorama acquires DuPont's global PET assets, further consolidating its leadership. #acquisition #chemicals
2016 CE
Launch of Recycled PET (rPET) Production in Thailand
Indorama inaugurates a large-scale rPET plant in Thailand, committing to circular economy. #recycling #sustainability
2017 CE
Acquisition of PET and PTA Business by Alpek? Correcting: Indorama acquires PET and PTA as
Indorama acquires the PET resin business of PKN Orlen in Poland, expanding its Eastern European footprint. #acquisition #europe
2018 CE
Acquisition of PET Business of Far Eastern New Century (FENC) in China
Indorama acquires FENC's PET operations in China, strengthening its presence in Asia. #acquisition #china
2019 CE
Acquisition of PET Recycling Assets from Phoenix Technologies
Indorama buys PET recycling plants from Phoenix Technologies in the US, boosting rPET capacity. #acquisition #recycling
2020 CE
Commitment to Net Zero Emissions by 2050
Indorama Ventures announces its commitment to achieve net-zero greenhouse gas emissions by 2050, aligning with global climate goals. #sustainability #climate
Jun 1, 2021 CE
Joint Venture with Covestro for Sustainable Polyols
Indorama forms a joint venture with Covestro to produce polyols from recycled PET, advancing circular chemistry. #jointventure #sustainability
2021 CE
Acquisition of Lotte Chemical's PET Business in Pakistan
Indorama acquires Lotte Chemical's PET business in Pakistan, expanding into South Asia. #acquisition #southasia
2022 CE
Launch of First Fully Recycled PET (rPET) Bottle for Coca-Cola in Asia
Indorama supplies 100% recycled PET to Coca-Cola for bottle production, highlighting its leadership in sustainable packaging. #recycling #partnership
2022 CE
Acquisition of Cross-Border PET Assets from Lotte Chemical
Indorama completes the acquisition of Lotte Chemical's PET business in China and South Korea, further consolidating in Asia. #acquisition #asia
Nov 15, 2023 CE
Inauguration of Largest rPET Plant in Europe (UK)
Indorama opens a major rPET facility in the UK, capable of recycling 1.5 billion bottles annually. #recycling #europe
2023 CE
Acquisition of U.S.-based PET producer DAK Americas
Indorama acquires DAK Americas from Alpek for $1.1 billion, significantly expanding its North American capacity. #acquisition #northamerica
Jul 1, 2024 CE
Indorama Ventures Included in DJSI Emerging Markets Index
The company is listed in the Dow Jones Sustainability Indices (DJSI) for emerging markets, recognizing its ESG performance. #sustainability #finance
2024 CE
Partnership with Neste for Renewable Polyester Production
Indorama partners with Neste to produce polyester from renewable raw materials, reducing fossil fuel dependency. #sustainability #partnership
Feb 10, 2025 CE
Announcement of $500 Million Investment in Recycling Infrastructure
Indorama commits $500 million over five years to expand mechanical and chemical recycling capabilities globally. #investment #recycling