Indorama reports Q1 results; core EBITDA reaches $650M, up 41% QoQ and 77% YoY
BANGKOK, Thailand, May 12, 2022-
Indorama Ventures Public Company Limited (IVL), a global sustainable chemical producer, today reported a strong 1Q22 result, building on its record FY 2021 performance as the pandemic continued to retreat, driving demand across the company’s global integrated portfolio.
IVL achieved 1Q22 Core EBITDA of US$650 million, up 41% QoQ and 77% YoY, and a 4% increase in production volumes to 3.80 MMT. All three of IVL’s business segments grew as the company’s leading global position benefited overall in an environment of higher crude oil prices, increased ocean freight rates and a strengthening US dollar, led by resurging consumer demand and global mobility.
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