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By Chayut Setboonsarng
BANGKOK, March 5 (Reuters) –Thailand-based chemicals company Indorama Ventures (IVL) IVL.BK plans to shift away fromdebt-funded acquisitions and list its businesses to fundgrowth organically, its founder and CEO Aloke Lohia told Reuters on Tuesday.
One of the world’s largest petrochemical makers, IVL is in the midst of a “significant pivot” after structural changes in the industry since the pandemic, he said. It aims to lift its earnings before interest, taxes, depreciation, and amortisation (EBIDTA) to $2.1 billion by 2026.
“Now we have the scale. We have the assets. The next phase of IVL is built on organic growth,” he said in an interview in his Bangkok office.
The comments come after the company posted its worst financial results…
