Indorama Corporation, a Singapore-based corporate group, is a global producer of essential materials, which includes fertilizers, polymers, yarns and fibers, medical gloves and specialty chemicals. [1][2]
Founded in 1975 by Mohan Lal Lohia to produce cotton spun yarns in Indonesia, the Group is now led by Sri Prakash Lohia (Group Chairman) and his grandson, Amit Lohia (Group Vice Chairman).[3][4] The conglomerate operates in Asia, Africa, South America and Eurasia generating annual revenues of c.US$ 6 billion.[5]
In 1975, Mohan Lal Lohia and his son Sri Prakash Lohia established Indorama Synthetics in Purwakarta, West Java, Indonesia. The company started with a cotton yarn spinning mill in 1976.[17]
In 1989, Indorama started a subsidiary, PT Medisafe Technologies, to produce disposable gloves.[17][18][19]
Indorama become the largest textile raw materials producer in Indonesia, diversifying into production of polyester and polyethylene terephthalate (PET) raw materials and later expanding into petrochemicals in Africa. In 2008, the business was reorganized, with the polyester and PET businesses sold to Thailand-based Indorama Ventures—another corporate group of the Lohia family, headed by Sri Prakash's brother Aloke—and Indorama Corporation established in Singapore as a holding company for Indorama Synthetics. The group is now managed by Sri Prakash's son Amit.[20][21]
Year
Milestone
1991
Commissioned its first polyester fiber plant
1995
Started the first PET resin facility in Indonesia [22]
1998
Expanded internationally by establishing a modern spun yarns plant in Turkey
2004
Commissioned its first upstream petrochemical (PTA) plant in Thailand[23]
2006
Acquired Eleme Petrochemicals (integrated polyolefins) in Nigeria[24]
2010
Formation of Indorama Ventures Public Company Limited in Thailand[25]
2012
Commissioned spandex yarn plant in India[26] and acquired YTY Group, a leading medical gloves producer in Malaysia [27]
2014
Acquired Industries Chimiques du Sénégal, an integrated phosphate fertilizer producer in Senegal[28][29]
2016
Commissioned its first natural gas to ammonia and urea plant in Nigeria[30]
2018
Acquired Tata Chemicals’ phosphate fertilizer business in India[31][32][33]
Started Group’s second large scale natural gas to ammonia & urea manufacturing facility and acquired Adufértil[35], a large blender and distributor of fertilizers in Brazil
2022
Acquired Grasim’s Fertiliser business in India[36][37] and Adfert in Brazil (fertiliser additives)[38]
2023
Acquired fertiliser producers - Rustavi Azot (Georgia)[39], FerganaAzot[40] (Uzbekistan), and Tak Agro (Nigeria)[41]
2025
Announced a US$ 130 million Decarbonization Plan. [42]
Acquired Fassagro, Brazil, a manufacturer of liquid fertilizers[43]
Products and Operations
Indorama Corporation operates across multiple industrial sectors:[44]
Fertilizers: Production of nitrogen, phosphate, and NPK fertilizers
Polymers: Manufacture of olefins, polyethylene, and polypropylene and PET resins used in packaging, films, and consumer goods.
Fibers & Yarns: Production of spun yarns, spandex yarns, polyester staple fiber, polyester and filament yarns, and farmed cotton fibers.
Medical Gloves: Synthetic examination and surgical gloves.
Specialty Chemicals: Includes products such as sodium cyanide and ammonium nitrate.
Corporate Social Responsibility
Indorama Corporation undertakes CSR programs in education, healthcare, clean water and sanitation, infrastructure, income generation, and local engagement.[45] The Group states that its CSR governance follows local regulatory frameworks and is aligned with the relevant UN Sustainable Development Goals.[46]
Sustainability
Indorama Corporation’s sustainability strategy is aligned with the United Nations Sustainable Development Goals (SDGs), focusing on emissions reduction, energy and water efficiency, and circular economy initiatives.[47] In January 2025, the company announced a US$130 million Decarbonization Plan aimed at lowering greenhouse-gas emissions across its global operations.[48]It has also secured several green and sustainability-linked financings for its businesses in Nigeria, Georgia, Indonesia, India, and Uzbekistan from multilateral and development financial institutions—the International Finance Corporation (IFC)[49], European Bank for Reconstruction and Development (EBRD)[50], British International Investment (BII)[51], and the Asian Development Bank (ADB)[52]as well as leading commercial banks – SMBC[53], HSBC[54] and DBS[55].
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