Post by account_disabled on Feb 24, 2024 3:40:01 GMT
Indorama Ventures moves forward with strategy for 2021-2023 Target to double EBITDA and double-digit ROCE in 2023. Bangkok, Thailand – 28 January 2021 – Indorama Ventures Public Company Limited, a leading global chemical manufacturer, organized IVL Capital Markets Day 2021 to report on progress of operations. strategic work which has the following important points: Our platforms, people and systems Ready for growth Although 2020 was a challenging year, But the business style of IVL that has been damaged Vertical evaluation and operate in various regions The sector has proven resilient, able to adapt and respond to change, with strong quantitative growth and prudent capital management. to maintain confidence Stable cash flow for operations The impact on demand and spreads across sectors is mostly temporary. and is expected to come back stronger.
Supporting economic recovery In addition, the Bahrain Mobile Number List management team has used the opportunity in 2020 to ' prepare for growth ' by restructuring business management, building strong leadership teams in every business group, and promoting work with various support systems such as Establishment of Centers of Excellence, joint use of resources resources in the organization or using the same standard ERP system for the entire organization. Project Olympus and plans for the first year changes in business structure to reduce the company's costs, which is called a project Olympus is off to a solid start. IVL is now more than 25 percent more than planned for the first year, with internal and performance evaluations taking place.
Good operational efficiency We set new goals at Olympus projects project cost reductions of US$ 610 million by 2023 (from the original US$ 350 million target announced last year, which included cost reduction projects and increasing business potential More than 2,500 projects are fully completed. Adjust strategies for business groups Each business group has adjusted strategies to be consistent with In the changing macro environment, higher targets from adjustments organizational changes Opportunity derived from benefits of a single operation Both IVL ( One IVL) and new growth opportunities to related businesses Leaders conduct business sustainably Sustainable and circular economy IVL aims to promote environmental, social and governance ( ESG) and has been recognized by organizations that Ranked as a leader in the chemicals industry.
Supporting economic recovery In addition, the Bahrain Mobile Number List management team has used the opportunity in 2020 to ' prepare for growth ' by restructuring business management, building strong leadership teams in every business group, and promoting work with various support systems such as Establishment of Centers of Excellence, joint use of resources resources in the organization or using the same standard ERP system for the entire organization. Project Olympus and plans for the first year changes in business structure to reduce the company's costs, which is called a project Olympus is off to a solid start. IVL is now more than 25 percent more than planned for the first year, with internal and performance evaluations taking place.
Good operational efficiency We set new goals at Olympus projects project cost reductions of US$ 610 million by 2023 (from the original US$ 350 million target announced last year, which included cost reduction projects and increasing business potential More than 2,500 projects are fully completed. Adjust strategies for business groups Each business group has adjusted strategies to be consistent with In the changing macro environment, higher targets from adjustments organizational changes Opportunity derived from benefits of a single operation Both IVL ( One IVL) and new growth opportunities to related businesses Leaders conduct business sustainably Sustainable and circular economy IVL aims to promote environmental, social and governance ( ESG) and has been recognized by organizations that Ranked as a leader in the chemicals industry.