Chemical producer Indorama Ventures (Bangkok / Thailand; www.indoramaventures.com) increased its revenues last year by 17% to USD 8.4 bn (EUR 6.9 bn) driven by strong growth of all business areas. Revenues for the PET segment gained 12%, Fibres expanded 15% and Feedstock improved 28%. Group EBITDA rose 30% to USD 1 bn, breaching the USD 1 bn level for the first time. Reported net profit was USD 615m, flattered by US tax reforms. Core net profit surged 68% to USD 459m.

It said the ongoing restructuring by “two of the leading PET producers” in North America and Europe has presented an opportunity for Indorama “to align supply reliability to customers.” It noted its regional manufacturing business model “helps secure strategic alliances.”