SINGAPORE : Thailand-based petrochemical group Indorama Ventures PCL is hunting for acquisitions especially in Europe and Africa as part of its strategy to speed up growth, its founder and group chief executive officer told Reuters.'We don't have anything in Europe at the moment on IOD (integrated oxides
SINGAPORE : Thailand-based petrochemical group Indorama Ventures PCL is hunting for acquisitions especially in Europe and Africa as part of its strategy to speed up growth, its founder and group chief executive officer told Reuters.
Lohia said the company is also scouting for assets in Africa involved in making material used in plastic bottles and polyester, which are currently its main businesses. The company's core EBIDTA jumped 43 per cent to 79.87 billion baht in 2022 from a year earlier, mainly driven by its IOD business. Indorama Ventures was in a comfortable financial position to pursue acquisitions, Lohia said. The company has some 21.21 billion baht in cash as at end-2022, while net debt-to-equity stood at 1.16 times.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mega projects, tourism to propel Thailand’s growth this year, finance chief saysThailand posted the slowest growth rate among South-east Asia’s major economies last year. Read more at straitstimes.com.
Read more »
Thailand receives 2.14 million foreign tourist arrivals in January - ministryBANGKOK : Thailand recorded 2.14 million foreign tourist arrivals in January, a surge from 133,828 in the same period a year earlier, tourism ministry data showed on Monday, as the vital tourism sector gathered pace with the return of Chinese travellers.There were 91,841 Chinese visitors in January, compa
Read more »
Singaporean Man Flies To Thailand Just To Have Dinner With Friends After Accepting Their Dare10 out of 10 solid friend.
Read more »
Over two dozen Pakistanis drowned in Italy migrant shipwreck: PMItaly is one the main landing points for migrants trying to enter Europe by sea. Read more at straitstimes.com.
Read more »