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Bangkok Post
Bangkok Post
Business

UNCOVERED: Indorama seeks more acquisitions | History Defined

Indorama Ventures is in a comfortable position to make acquisitions, with ample cash on hand and low debt to equity, says Aloke Lohia, founder and group chief executive officer.

SINGAPORE: The SET-listed petrochemical group Indorama Ventures Plc (IVL) 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 and derivatives) and therefore being a global firm, we can find some opportunities in IOD,” Aloke Lohia told Reuters in a virtual interview on Monday.

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