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Indorama Ventures supports communities in tackling COVID-19

April 27/2020

MOSCOW (MRC) -- With operations on six continents and in over 30 different countries, Bangkok-headquartered petrochemicals giant Indorama Ventures is seeing at close hand the public health and well-being issues caused by the COVID-19 outbreak around the world, said Sustainableplastics.

In response, the company has been providing support  to communities and people where the company operates in the belief that we will soon overcome this crisis together, said Richard Jones, senior vice president and head of Corporate Communication and Sustainable in a statement released by the company.

At Indorama Ventures, we recognize that employees are essential to the companys existence. We have provided health and safety measures worldwide to keep our employees secure since the beginning of the COVID-19 spread. We also act to support medical personnel, patients and affected people in this difficult situation. Our contributions help relieve suffering by managing access to resources that are urgently needed until the gradual unwinding of this pandemic," he declared.

To date, the contributions, in the form of everything from masks, gloves and ventilators to food and funds, have been delivered in eight countries - Thailand, America, France, India, Brazil, Lithuania, Poland and the Czech Republic, and the company will continue to offer additional support through group companies in other countries.

In Thailand, Indorama Ventures donated two million Baht - almost 58,000 - through the IVL Foundation, in support of COVID-19 medical treatment to the Ramathibodi Foundation and King Chulalongkorn Memorial Hospital. These funds will contribute to treating patients and the purchase of supplies, including medicine, medical equipment and utilities that help prevent the further spread of COVID-19.

The company also supplied sanitary necessities  - PPE, soap, shampoo, hand sanitiser and fabric masks - to Ramathibodi Hospital, Siriraj Hospital, Chulalongkorn Hospital, Thammasat University Hospital, and Bamrasnaradura Infectious Diseases Institute, which are key institutions handling the COVID-19 outbreak.

Indorama Ventures Thai operations, Indorama Polyester Industries PCL in Nakhon Pathom and TPT Petrochemicals in Rayong supported their local communities, offering disinfecting services, food, digital thermometers and more, in the fight against coronavirus.

As MRC reported previously, in February 2019, IVL commenced production of purified terephthalic acid (PTA) and polyethylene terephthalate (PET) at plants it acquired from Artlant PTA in Portugal and EIPET in Egypt. IVL completed the acquisition of the 700,000-t/y PTA facility, located at the Sines industrial complex, in Late 2017.  Value of the transaction, which included all equipment, surface rights and employment contracts, was not disclosed.

As per MRC's ScanPlast report, the estimated consumption of polyethylene terephthalate (PET) in Russia increased in January 2020 by 9% year on year. Totally, Russia recycled 55,390 tonnes of PET chips in January (excluding shipments of Russian material to the countries of the Customs Union). PET chips production in Russian in January 2020 totalled 43,200 tonnes.

Indorama Ventures Public Company Limited, listed in Thailand, is one of the world's leading petrochemicals producers, a global manufacturing footprint with 59 sites in 20 countries across Africa, Asia, Europe and North America. The company's portfolio is comprises necessities and high value-added (HVA) categories of polymers, fibers, and packaging. Indorama Ventures has approx. 15,000 employees worldwide and consolidated revenue of USD 8.4 billion in 2017. The company is listed in the Dow Jones Sustainability Index (DJSI).


mrcplast.com
Author:Anna Larionova
Tags:PET-granulate, terephthalic acid, PET bottles, PET films, PET preforms, Indorama Polymers, Indorama Ventures PLC.
Category:General News
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