Economic Sustainability

Anti-trust

As a global company, Indorama Ventures is aware that each country where we operate has its own anti-trust laws and that anti-trust enforcement is conducted with the cooperation of governments worldwide. We, including all our subsidiaries, affiliates, contractors and business partners, will comply with all applicable local laws in this regard.

Our commitment

The Company shall engage in fair competition while fully adhering to applicable anti-trust and competition laws in all jurisdictions of operation. Our commitment extends to avoiding both violations and actions that might prompt anti-trust investigations or concerns regarding anti-competitive practices.

As a global player in the chemical industry, we uphold the principles of fair competition and refrain from any actions that could distort market prices, reduce competition, or negatively impact consumers. This includes both direct and indirect practices that may result in unfair market advantages.

Our Practices to Promote Fair Competition:

1. Avoid Prohibited Competitor Engagements: We must never engage in discussions, agreements, or any form of information sharing with competitors concerning sensitive competitive topics. This explicitly includes, but is not limited to, prices, bids, production volumes, market territories, or the segmentation of customers. Such conduct is strictly prohibited as it constitutes severe anti-competitive behavior, including illegal price fixing, bid rigging, and market allocation. All information gathered about competitors must be obtained exclusively through ethical means and from publicly available sources.
2. Prohibit Market and Customer Allocation: We are strictly forbidden from participating in any arrangement or understanding, formal or informal, with competitors that aim to divide or allocate markets, customer segments, or distribution channels. These practices are illegal as they unlawfully restrict consumer choice, distort market dynamics, and directly violate the fundamental principles of fair competition.
3. Ensure Antitrust Compliance in Transactions: All mergers, acquisitions, and joint ventures undertaken by the Company must be meticulously planned and executed in complete accordance with all applicable competition laws and regulatory requirements in every relevant jurisdiction. Where required by law, we must obtain all necessary notifications and approvals from regulatory authorities before completing any such transactions.
4. Refrain from Abusing Market Dominance: If the Company holds a dominant position in any market, we are strictly prohibited from abusing that position. This means employees must not impose unfair prices or conditions, nor engage in any conduct that harms consumers or unfairly excludes competitors from the market. Furthermore, all employees must avoid making negative or disparaging remarks about competitors, as such actions can undermine the spirit of fair and ethical competition.
5. Forbid Restrictive Agreements: Entering into any agreement that limits or restricts competition is absolutely prohibited. This includes, but is not limited to, agreements that restrict cross-border sales, fix resale prices with distributors, or enforce uniform pricing among distributors. We must ensure all our commercial agreements promote, rather than hinder, open and fair market competition.