This acquisition will enable Indorama to add scale, breadth and capabilities to offer a complete range of agri-inputs to its farmer consumer base in Eastern, Northern and Central India.
The Minister of State for Petroleum Resources, Chief Timipre Sylva says Indorama-Nigeria presents a very good example of how the abundant gas resources in the country could be effectively utilized to impact the economy positively while driving diversification.
Tashkent, Uzbekistan (UzDaily.com) — IFC, a member of the World Bank Group, is providing a US$12.5 million long-term loan to JSC Indorama Kokand Fertilizers and Chemicals to finance the modernization of its fertilizer plant in Uzbekistan, which will create jobs and benefit the country’s agriculture sector.
Indorama have successfully completed the acquisition of 95.54% shares held by the Government of Uzbekistan on the 26th June 2019. Following the acquisition, held a town hall meeting with the current management team and all the 330 employees which was attended by the Chairman of the Ministry of Chemical Industries,
Project Finance International (a Thomson Reuters Entity) awarded the “African Petrochemical Deal of 2018” for the US$ 1 billion long term project finance deal of Indorama Eleme Fertilizers & Chemicals Limited, Nigeria (a subsidiary of Indorama Corporation, Singapore) for its Fertiliser Line 2 expansion project (which will result in doubling of Urea capacity from 1.4 million tpa to 2.8 million tpa).
The International Finance Corporation (IFC), a member of the World Bank Group, today announced a new $1 billion debt financing for Indorama Eleme Fertilizer & Chemicals Limited, Nigeria, a subsidiary of Indorama Corporation. The funding will be used for, for the construction of a new fertilizer line that will expand its capacity of urea fertilizer to more than 2.8 million tons.
Tata Chemicals today said it has completed the sale of its Haldia fertiliser unit in West Bengal and the trading business to Netherlands-based Indorama Holdings BV for Rs.872.84 crore.
Business Personality of the Year Award (supported by Bristol Laboratories): Sri Prakash Lohia, founder of Indorama.
TASHKENT (TCA) â€” The International Finance Corporation (IFC), a member of the World Bank Group, is launching a new program in Uzbekistan in order to help cotton farmers improve their production efficiency, safeguard the environment, and improve labor practices. This program is part of an effort by IFC to accelerate Uzbekistanâ€™s economic growth by modernizing one of the country's most important industries, IFC said on March 3.
The world's largest polyester value chain company Indorama has injected US$25 million investment into its subsidiary, PT Medisafe Technologies, which produces rubber gloves.
Indorama Eleme Fertilizer & Chemicals Limited (IEFCL) commissions one of the largest single line plants in the world with a production capacity of 4000 tons per day of urea.
Indorama Corporation, Singapore has on 18th July 2016 signed agreements with Asmidal, the Algerian national fertilisers company, and Manal Group, the Algerian mining company
A $40 million spinning mill facility in Purwakarta, West Java, that is owned by Indorama Synthetics, Indonesiaâ€™s biggest producer of textile raw materials, was inaugurated on Wednesday (10/2),
Medisafe was merged with YTY Holdings. Both companies are in the same business, and the merger will help YTY gain scale as well as geographic diversification into Indonesia
Indorama Synthetics has recently commissioned a brand new state-of-the-art 100% cotton compact Yarn plant at its Cempaka site with a capacity of 40,000 spindles.
Indorama Kokand Textile has started up its 3840 rotor open-end cotton yarn plant. This is Indoramaâ€™s first open-end yarn investment. The state-of-the-art plant uses Rieter equipment and is fully automated.
Tashkent (AFP) - An expert with the International Labour Organisation praised major cotton exporter Uzbekistan for making tentative progress in moving to eliminate the worst forms of child labour.
Tashkent, Uzbekistan - The WB regional director for Central Asia Saroj Kumar Jha and the Uzbek First Deputy Prime Minister and Finance Minister Rustam Azimov signed two loan agreements worth $ 414 million.
Tashkent, Uzbekistan - The World Bank signed an agreement with the Uzbek government to grant it $261 million for modernization of the drainage system in the Karakalpak Autonomous Republic.
Indorama Synthetics has recently commissioned a brand new state-of-the-art 100% Spun Polyester Yarn plant at its Cempaka site with a capacity of 44,000 spindles. This plant was setup in a record time of 6 months.
Attached is the disclosure from the International Labor Organization (ILO) [Committee on Application of Standards on Convention No. 182] pertaining to their recent investigation into allegations against Uzbekistan for systematic use of forced child labor in cotton fields.
AFRICA offers plenty of opportunities - and challenges - in the energy sector and Singapore firms should be ready and able to take advantage of them. That was the message from a summit under way here on the continent's oil...
On May 24th, Mr. S.P. Lohia received a prestigious award from the Mayor of Purwakarta in recognition of his positive impact and role in Purwakartaâ€™s industrial development over the past three decades.
Indorama Synthetics has recently commissioned a brand new state-of-the-art 100% Spun Polyester Yarn plant at its Purwakarta site with a capacity of 39,000 spindles.
Indorama Eleme Fertilizer and Chemicals limited Ligeria (IEFCL), a subsidiary of the Indorama Corporation of Singapore, Plans to build a U$$1.2 biltion fertilizer plant in Nigeria,
Chandigarh, Feb 24; A subsidiary of Indian-owned Indorama Corporation, the worldâ€™s largest producer of polyester and PET resin, will set up a $1.2 billion fertilizer plant in Nigeria â€“ which will also be the single largest urea manufacturing complex in the world.
The World Bank's investment arm, International Finance Corporation (IFC), has invested $375m in the Nigeria-based Indorama Eleme Fertilizer Company
Indorama Eleme Fertilizer & Chemicals Limited (IEFCL) has signed a financing package to construct a green field US$ 1.2 billion urea fertilizer project in Port Harcourt, Nigeria.
Singapore-based Indorama Corporation plans to invest up to Rs 1,000 crore within three years in India to set up three manufacturing facilities to produce spandex fibre, used in various applications like stretch denims and sportswear.
Indorama Industries Limited [IIL], part of Indorama Corporation, Singapore, has launched the new branded spandex product Inviyaâ„¢.
The President of India, Mrs. Pratibha Devisingh Patil, presented the \'Pravasi Bharatiya Samman Award\' to our Chairman, Mr. S.P.Lohia, on 9th January 2012 at a function held in Jaipur, India.
August 7th this year would mark five years since Indorama Corporation took over Eleme Petrochemicals Company Limited (EPCL) Port Harcourt, from the Nigerian National Petroleum Corporation (NNPC), after it was privatised by the Federal Government of Nigeria through the Bureau of Public Enterprises (BPE).
The Federal Government has approved the establishment of fertilizer and methanol plants by Indorama Corporation, core investors in Eleme Petrochemicals Company Limited.
Nigeria\'s agriculture and energy sectors are about to record a new multi-billion Naira investment as Indorama Corporation, the core investors in Eleme Petrochemicals Company Limited (EPCL) is set to build world-class Fertilizer and Methanol plants in its Port Harcourt complex.
IGNATIUS CHUKWU writes that private takeover of Eleme Petrochemical Company has paid off with the thriving firm now delivering good returns to investors including Rivers State which has earned N5 billion dividend in four years.
The Indonesia-based S P Lohia-promoted Indo Rama SPL group, with business interest in diverse fields such as power, petrochemicals and spun yarn, has decided to set up a stretch fabric manufacturing unit in Himachal Pradesh, a senior official said Thursday.
Amit Lohia is only 34 years old, but he taken the global manufacturing industry by storm. In only four years, the Wharton graduate has helped the Indorama Group, a global manufacturer of diversified industrial products, grow fivefold, to the tune of US$ 3 billion. About five-and-a-half years ago, the company only operated in three countries, but under his guidance, its operations have expanded into 11 countries.
As global competition is increasing and pace of change is accelerating, companies need to develop and retain leaders, and some business organizations and consultants are trying to implement different methods in recruiting, hiring, developing, managing and retaining a high-performance workforce, including managers with leadership talents.
Indorama Synthetics have recently commissioned a brand new state-of-the-art compact yarn spinning plant of 26,000 spindles at the Purwakarta site. The total capacity now stands close to 450,000 spindles across the world.
PT PLN Distribusi Jawa Barat & Banten (DJBB) has entered into a contract with PT Indorama Synthetics to purchase surplus electricity.
PT Indorama Synthetics will invest US$ 75 million during 2007-2008 towards expansion and modernisation of its yarn manufacturing facility in Indonesia.
Eleme Petrochemicals Company Limited (EPCL) has commenced export of petrochemical products from its plants in Port Harcourt, Rivers State.
A total of 1066 indigenes of the Niger Delta are currently working at the Eleme Petrochemicals now being managed by the Indorama Group of Indonesia. The total staff strength of the company is put at 1168, both direct and indirect.
The Ministry of Investment and the Textile Holding Company announced its agreement for selling the assets of Misr Shebin El-kom company for spinning and weaving to Indorama Shebin Textiles Co. SAE, pursuant to the Extra Ordinary General Assembly resolution of the Holding Company its meeting held on 1 October 2006.
PT Indorama Synthetics Tbk, the flagship company of the Indonesia based Indorama Group has embarked upon a major expansion and modernisation program for its existing spun yarn facility, located at Purwakarta, Indonesia.
The Nigerian President Ndra Tea yesterday expressed regret that considering its capacities before his government took over power, Nigeria has a technological and developmental wasted past, due to the systemic rot which pervaded all strata of state enterprise.
Standard Bank has raised $125-million (N16-billion) of project financing for Nigeria\'s Eleme Petrochemicals plant, which is majority owned by Indonesia\'s Indorama Group, the bank said yesterday.
PT Indorama Synthetics Tbk is planning to meet its electricity requirement by setting up a Captive Power plant at its principal manufacturing facility located at Purwakarta, Indonesia.