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| | |
| Company type | Corporate group |
|---|---|
| Industry | Conglomerate |
| Founded | 1975 |
| Founder | Mohan Lal Lohia,Sri Prakash Lohia |
| Headquarters | |
Area served | Worldwide |
Key people |
|
| Products | polyester filament yarns and fibres, PET resin, purified terephthalic acid (PTA), polyolefins, Spandex filament, power generation, real estate |
| Website | indorama |
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 has grown in the last five decades under his son, Sri Prakash Lohia (Group Chairman) and his grandson, Amit Lohia (Group Vice Chairman) [3] into a diversified producer of essential materials in manufacturing complexes in Asia, Africa, South America and Eurasia generating annual revenues of c.US$ 5 billion. [4]
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. [5] [6]