Indorama Corporation

Indorama Corporation

Company type	Corporate group
Industry	Conglomerate
Founded	1975
Founder	Mohan Lal Lohia,Sri Prakash Lohia
Headquarters	Singapore
Area served	Worldwide
Key people	Sri Prakash Lohia (Chairman) Amit Lohia (Vice Chairman and Group CEO)
Products	polyester filament yarns and fibres, PET resin, purified terephthalic acid (PTA), polyolefins, Spandex filament, power generation, real estate
Website	indorama.com

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$ 5 billion. ^[5]

Key Milestones ^[6]

Year	Milestone
1976	Started first cotton spun yarns plant in Indonesia [7]
1989	Entered the medical gloves business in Indonesia [8]
1991	Commissioned its first polyester fiber plant
1995	Started the first PET resin facility in Indonesia [9]
1998	Expanded internationally by establishing a modern spun yarns plant in Turkey
2004	Commissioned its first upstream petrochemical (PTA) plant in Thailand [10]
2006	Acquired Eleme Petrochemicals (integrated polyolefins) in Nigeria [11]
2010	Formation of Indorama Ventures Public Company Limited in Thailand [12]
2012	Commissioned spandex yarn plant in India [13] and acquired YTY Group, a leading medical gloves producer in Malaysia [14]
2014	Acquired Industries Chimiques du Sénégal, an integrated phosphate fertilizer producer in Senegal [15]
2016	Commissioned its first natural gas to ammonia and urea plant in Nigeria [16]
2018	Acquired Tata Chemicals’ phosphate fertilizer business in India [17] [18] [19]
2019	First cotton harvest in Uzbekistan
2020	Started fertilizer production in Uzbekistan [20]
2021	Started Group’s second large scale natural gas to ammonia & urea manufacturing facility and acquired Adufértil [21] , a large blender and distributor of fertilizers in Brazil
2022	Acquired Grasim’s Fertiliser business in India [22] [23] and Adfert in Brazil (fertiliser additives) [24]
2023	Acquired fertiliser producers - Rustavi Azot (Georgia) [25] , FerganaAzot [26] (Uzbekistan), and Tak Agro (Nigeria) [27]
2025	Announced a US$ 130 million Decarbonization Plan. [28] Acquired Fassagro, Brazil, a manufacturer of liquid fertilizers [29]

History

The business began in 1975 with the establishment of Indorama Synthetics in Purwakarta, an Indonesian town in West Java, by Mohan Lal Lohia and his son Sri Prakash Lohia, immigrants from India. The business expanded from a small spun-yarn manufacturer to 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. ^{[30] [31]}

References

1. "Indorama Corporation |". Sourcezon. Retrieved 2025-11-04.
2. "Indorama - 2025 Company Profile & Team - Tracxn". tracxn.com. 2025-10-28. Retrieved 2025-11-04.
3. "Sri Prakash Lohia". World Economic Forum. Archived from the original on 2024-12-21. Retrieved 2025-11-17.
4. "Leadership & Board of Indorama Corporation". www.indorama.com. Retrieved 2025-11-04.
5. "Essential Materials Manufacture & Supplier - Indorama Corporation". www.indorama.com. Retrieved 2025-11-04.
6. "Our History - Indorama Corporation". www.indorama.com. Retrieved 2025-11-05.
7. "Indorama Plans $2 Billion U.S. Blue Ammonia Investment to Offset Tariffs, Broaden Global Portfolio". www.chemanalyst.com. Retrieved 2025-11-05.
8. Post, The Jakarta. "Indorama invests US$25 million in rubber glove industry - Business". The Jakarta Post. Retrieved 2025-11-05.
9. "Indonesian firm builds first PET resin plant in the region - UPI Archives". UPI. Retrieved 2025-11-05.
10. Publisher, Stainless Steel World (2004-06-21). "Thailand: PTA plant". Stainless Steel World. Retrieved 2025-11-05.
11. "Indorama SPL snaps up Nigerian firm for $225 m".
12. "INDORAMA CELEBRATES ITS FIRST TRADING DAY ON THE SET". Indorama Ventures Public Company Limited. Retrieved 2025-11-05.
13. textilemagazine (2012-02-28). "Indorama launches INVIYA India's first spandex filament yarn facility to be commissioned". The Textile Magazine. Retrieved 2025-11-05.
14. "M&A in rubber gloves in the air". The Edge Malaysia. Retrieved 2025-11-05.
15. "Senegal's phosphate flagship ICS gets a new lease of life with Indorama". The Africa Report.com. Retrieved 2025-11-05.
16. BusinessDay (2016-05-16). "Indorama's $1.5-bln fertilizer plant, port terminal, gas pipeline set for inauguration". Businessday NG. Retrieved 2025-11-05.{{cite web}}: |last= has generic name (help)
17. "Tata Chemicals upsizes deal to sell phosphate biz to Indorama". VCCircle. Retrieved 2025-11-05.
18. "Indonesian billionaire to buy Tatas' fertiliser business". The Times of India. 2017-11-07. ISSN   0971-8257 . Retrieved 2025-11-05.
19. "Indorama close to buying Tatas fertiliser business for Rs 400-500 crore". The Times of India. 2017-09-14. ISSN   0971-8257 . Retrieved 2025-11-05.
20. "Disclosure". disclosures.ifc.org. Retrieved 2025-11-05.
21. "News | Indorama purchases 100% Shares in brazilian fertilizer distributor ADUFÉRTIL FERTILIZANTES LTDA". www.indorama.com. Retrieved 2025-11-05.
22. Correspondent, Special (2020-11-12). "Grasim to sell fertilizer arm for ₹2,649 crore". The Hindu. ISSN   0971-751X . Retrieved 2025-11-05.{{cite news}}: |last= has generic name (help)
23. "Grasim Industries Unlocks Value Divests Fertiliser Business to Indorama Corporation for Rs. 2,649 Cr". grasim.com. Retrieved 2025-11-05.
24. Warde, Shraddha (2022-11-08). "Indorama completes the acquisition of Adfert". AgroSpectrum Asia. Retrieved 2025-11-05.
25. "News | Indorama Corp acquires 100% shares in JSC Rustavi Azot ("RA") Georgia, one of the largest producers of fertilizers & industrial chemical products in Caucasus Region on 10 January 2023". www.indorama.com. Retrieved 2025-11-05.
26. akbaryusupov. "Indorama buys government stake in Ferganaazot for $140 million". tashkenttimes.uz. Retrieved 2025-11-05.
27. "Indorama strengthens presence in Nigerian fertiliser industry". NTU-SBF Centre for African Studies (CAS). Retrieved 2025-11-05.
28. "Indorama Corporation". www.indorama.com. Retrieved 2025-11-05.
29. "News | Adufértil will expand liquid fertilizer portfolio with proposed acquisition of Fass Agro". www.indorama.com. Retrieved 2025-11-05.
30. Karmali, Naazneen (2 November 2014). "Indorama's Amit Lohia Is The Prince Of Polyester". Forbes Asia. Retrieved 6 November 2021.
31. Balachandran, Manu (20 October 2015). "How this synthetics tycoon went from teenage Indian emigrant to one of Indonesia's richest men". Quartz India. Retrieved 6 November 2021.

See Also

1. Sri Prakash Lohia
2. Mohan Lal Lohia