Internal Collaboration

Indorama Ventures strives to develop an organizational culture that continually supports and promotes innovation and talent, and which provides an environment that encourages creativity, risk taking and learning. Through empowered teams, our employees are encouraged to share ideas and rapidly translate concepts to prototypes for evaluation.

As a global company, we have defined innovation, and research and development as crucial topics for our strategy meetings. Every year, senior executives and staff from around the world who are involved in innovation are invited to participate in the meeting to discuss development strategies and how best to respond to market competition. We focus on strategic planning to increase product development, improve customer relationships, and encourage sustainable operations.

We use Lean Six Sigma in our organization to improve operational efficiencies and are now leveraging Design for Six Sigma (DFSS) fundamentals to benefit our innovation process.

Within Indorama Ventures, Six Sigma serves as an important competency with respect to our operations. By including elements of design for Six Sigma, we can introduce the fundamentals, and predictive tools and capabilities to implement quality into the system as part of our innovation process.

Vitality Index

(means revenue generated from the sale of products developed during the last five years)

Fibers Business

2019 Perfomance

21%

2019 Target 21%

PET HVA Business

2019 Perfomance

35%

2019 Target 34%

External Collaboration

Indorama Ventures partners with our customers to deliver solutions which meet, or exceed, their process and application requirements in addition to our internal requirements. Currently, we are working with our customers on more than 100 ongoing projects. Some examples include the Polyclear® resin which allows extrusion blow molding of clear containers with handles that are fully recyclable within the clear PET stream, and Oxyclear®, which preserves the freshness, taste and appearance of food in glass-clear, attractive packages. We also support our customer’s light-weighting requirements through advanced resins. Some fiber innovations include a new lightweight material called Enka ®TecTape hybrid roving, by PHP Fibers. The rovings combine twist-free, aligned continuous glass fiber with thermoplastic multifilaments.

Collaborating for a Fully Circular Economy

Indorama Ventures and Loop Industries JV introduce a new era in PET and Polyester Recycling.

The Indorama Ventures/Loop Industries partnership brings together IVL's world-class manufacturing footprint and Loop;s proprietary science and technology to become a reliable global leader in the "circular" economy for 100% sustainable and recycled PET resin and polyesters fiber.

This partnership is unveiling a commercial solution for packaged consumer goods companies in response to the rapid growth in global plastic consumption, for which there is a tremendous need to responsibly collect and reuse these materials.
Through this joint venture, Indorama Ventures and Loop Industries will be able to perpetually recycle ther ever increasing amounts of PET plastics and polyester fiber proving the promise of and encouraging the shift to a circular economy.

This 50/50 joint venture will have an exclusive worldwide license to use Loop's technology to produce 100% sustainably produced PET resin and polyester fiber. Production from the facility will be fully subscribed by leading global consumer brands.