Post by account_disabled on Dec 19, 2023 3:09:03 GMT -5
Mr. Aloke Lohia, Group CEO of Indorama Ventures, said, “In 2021, we proved the resiliency of our global footprint. and our integrated product offerings throughout the polyester value chain. The past two years have been a time of unprecedented change. It is a test of the strength of our business model and the agility of our team. By completely reimagining our business plan to reflect the new normal, it gives great confidence to our business model, strategy and team. And with our 2030 Vision, IVL is ready for the next step on our journey towards becoming a sustainability leader in the industry.” Summary of 2021 operating results In 2021, IVL had Core EBITDA of USD 1,743 million. (increased 55 percent year-on-year) with a production volume of 14.72 million metric tons.
(Up 7 percent year-over-year) Total sales revenue increased 38 percent Phone Number List year-over-year to $14,629 million. This is a result of consumer confidence recovering. And IVL's resilient business model benefits from rising inflation. Higher energy prices and disruption of the supply chain The improved macroeconomic situation supports IVL's performance. This includes various government economic stimulus measures. For the high quality market in the West International shipping costs have increased causing the company Benefit from local prices that are comparable to imported prices. In the fourth quarter, China's announcement of a dual control policy boosted profits for polyester products. Combined PET, IVL's largest segment, saw Core EBITDA increase 39% to US$1,103 million in a scenario of high demand and low inventory.
Will be able to get a selling price based on the market price that has been increased comparable to the price of imported products. which is affected by rising international shipping rates. The segment is expected to benefit from improved profits in 2022. Integrated Oxides & Derivatives (IOD) business group has Core EBITDA of USD 377 million. This is an increase of 228% from last year. With oil prices expected to increase further in 2022, the IOD business group will continue to benefit from MEG's increasing use of shell gas spreads. and ethylene cracker operations at Lake Charles (IVOL), which resumed at the end of 2021. The acquisition of Oxiteno, which is expected to close in the first half of 2022, will further boost the group's business. IOD has a complete range of products.
(Up 7 percent year-over-year) Total sales revenue increased 38 percent Phone Number List year-over-year to $14,629 million. This is a result of consumer confidence recovering. And IVL's resilient business model benefits from rising inflation. Higher energy prices and disruption of the supply chain The improved macroeconomic situation supports IVL's performance. This includes various government economic stimulus measures. For the high quality market in the West International shipping costs have increased causing the company Benefit from local prices that are comparable to imported prices. In the fourth quarter, China's announcement of a dual control policy boosted profits for polyester products. Combined PET, IVL's largest segment, saw Core EBITDA increase 39% to US$1,103 million in a scenario of high demand and low inventory.
Will be able to get a selling price based on the market price that has been increased comparable to the price of imported products. which is affected by rising international shipping rates. The segment is expected to benefit from improved profits in 2022. Integrated Oxides & Derivatives (IOD) business group has Core EBITDA of USD 377 million. This is an increase of 228% from last year. With oil prices expected to increase further in 2022, the IOD business group will continue to benefit from MEG's increasing use of shell gas spreads. and ethylene cracker operations at Lake Charles (IVOL), which resumed at the end of 2021. The acquisition of Oxiteno, which is expected to close in the first half of 2022, will further boost the group's business. IOD has a complete range of products.
