Baku, Azerbaijan, Nov.5
By Leman Zeynalova – Trend:
Indonesia’s Indorama Corporation is exploring opportunities in Azerbaijan’s petrochemical sector, the company told Trend.
“We are interesting in working with Azerbaijan and we have been exploring opportunities. We are a manufacturing group and are looking to explore opportunities in the textile and petrochemical sectors in the country,” said the company.
Indorama has currently invested in textile ( cotton spinning) and going forward it shall be investing in cotton farming and processing, fertilizers and chemicals sector, said Indorama Corporation.
Moreover, the company said it has been exploring and understanding the opportunities in Turkmenistan and see a potential to invest in cotton spinning, chemical and fertilizers sector in the country.
Indorama Corporation is one of Asia’s leading chemical holding company.
Today, Indorama manufactures a multitude of products including polyethylene, polypropylene, nitrogen fertilizers, phosphate fertilizers, polyester, polyester feedstocks, textiles, and medical gloves. It is the largest producer of polyolefins in West Africa, the largest producer of fertilizers in Sub-Saharan Africa, and one of the largest producer of synthetic disposable gloves in the world. It is also a geographically diversified producer of spun yarns.
Along with its affiliate Indorama Ventures in Thailand, Indorama operates over 70 manufacturing sites in over 30 countries and employs over 30,000 people worldwide. Indorama Ventures is the largest producer of polyester products in the world with plants in five continents and also one of the biggest producer of polyester feedstocks. In addition to polyester, Indorama Ventures also manufactures intermediates such as IPA and performance materials made from fibers such as polypropylene, nylon, viscose, and aramids.
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