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PT Indorama Synthetics Tbk, the flagship
company of the Indorama Group, commenced commercial
operations in 1976. It is the largest polyester producer
in Indonesia and one of Indonesia's largest exporters
with a total polyester manufacturing capacity of about
280,000 tons per annum and the only Asian company to
be granted a US patent for special PET resins.
The company is listed on the Jakarta
and Surabaya Stock Exchanges. In 2006, the company's
sales was US$ 472 million and net worth of US$ 236 million
The company positions its products
directly into its markets and has created a unique identity
for itself. The company sells to the premium markets
of North America and Europe and the fast growing markets
of South America, Asia, Australia and the Middle East.
A continuous process of reinvestment
and productivity-enhancing programs have made PT Indorama
one of the leading producers of polyester and its applications
worldwide. This strength combined with the benefits
of a low-cost base, results in a twofold advantage:
premium quality at a low cost.
Our business is all about delivering
superior quality, consistency and reliability with the
right service every time. PT Indorama is involved in
four businesses.
Polyester
The polyester division accounts for 51 per cent of the
company's revenue. About 52 per cent of the polyester
products are exported. Currently the company has capacity
of 65,000 tpa of PSF, 100,000 tpa of PFY and 15,000
tpa of textile grade chips.
Spun
Yarns
The division accounts for nearly 22 per cent of the
company's revenue. With capacity of 165,000 spindles
and nearly 47 per cent of its output being exported,
the company is one of the largest exporters of spun
yarn in Indonesia.
PET
Resins
The company has a capacity to produce 100,000 tpa of
PET. Over 95 per cent of the resin produced is exported
to high-end markets such as USA and Europe. The PET
resin division contributes to about 26 per cent of the
total revenue of the company.
Fabrics
The company's current installed capacity is 30 million
metres per annum of grey fabrics and 26 million metres
per annum of dyed and printed fabrics.
Captive
Power Plant
Indorama Synthetics has set up a 60-mw power plant (2x30mw)
to take care of the present and future power requirements
of the petrochemical and yarns production complex in
Indonesia. The combined cycle generation captive power
plant of 60 mw was built at an investment of US$ 67
million.
PT Indorama has consistently demonstrated
its high level of capacity utilisation, which is far
ahead of its peers both in Asia and globally. Since
1994, the company has witnessed a polyester production
CAGR of 10 per cent p.a., ahead of the global polyester
CAGR of 9 per cent p.a. The average level of capacity
utilisation of the company also consistently remains
between 105 to 120 per cent versus the global average
ranging between 75 per cent and 90 per cent.
The company has made efforts
to expand and diversify its markets as much as possible.
Significant initiatives have been taken towards this
direction by increasing exports to regions such as Eastern
Europe. Indorama now exports to over 90 countries covering
all the five continents across the globe.
The facilities at the factory
complex are unparalleled. A clubhouse, auditorium, gymnasium,
an Olympic size swimming pool and regular entertainment
foster a culture of fellowship and camaraderie among
employees and their family members.
The company has built and manages
the Rama International School in Purwakarta (Indonesia).
Not only do the employees' children study here, but
also many children from neighboring companies take advantage
of this facility. This school has been producing outstanding
results and the students passing out from here have
gained admission in many internationally reputed universities
and institutes across the world. The school focuses
on overall development of the students.It is equipped
with excellent sports facilities and also has all facilities
to support the grooming of students, both in extra-curricular
and co-curricular activities.
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