Indorama Ventures PCL operates within the Plastics materials and resins sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Indorama Ventures PCL with three other
plastic manufacturers in Asia:
Xinjiang Zhongtai Chemical Co.,Ltd.
of CHINA
(2019
sales of 83.12 billion Chinese Renmimbi [US$12.17 billion]
of which 77%
was Trade),
Wanhua Chemical Group Co Ltd
of CHINA
(67.83 billion Chinese Renmimbi [US$9.94 billion]
of which 98%
was Chemical Industry), and
Sinopec Shanghai Petrochemical Company Limited
which is
also
based in CHINA
(88.06 billion Chinese Renmimbi [US$12.90 billion]
of which 76%
was Petroleum Products).
Sales Analysis.
During the year ended December of 2019, sales at
Indorama Ventures PCL were 352.69 billion Thai Bahts (US$11.15 billion).
This
is
a very small
increase of 1.6%
versus 2018, when the company's sales were 347.17 billion Thai Bahts .
This was the fourth straight year of sales growth at Indorama Ventures PCL.
Sales of Eliminations saw an increase
that was more than double the company's growth rate: sales were up
13.2% in 2019, from
15.31 million Thai Bahts to 17.33 million Thai Bahts .
Indorama Ventures PCL also saw significant increases in sales in
Solid State Polymerised Chips (up 7.6% to 192.92 billion Thai Bahts )
and
Fibers and Yarns (up 7.9% to 106.93 billion Thai Bahts )
.
Not all segments of Indorama Ventures PCL experienced an increase in sales in 2019:
sales of Purified Terephthalic Acid fell 23.2% to 52.82 billion Thai Bahts .