SINGAPORE, Feb 28 (Reuters) – Thailand-based petrochemical group Indorama Ventures PCL (IVL.BK) is hunting for acquisitions especially in Europe and Africa as part of its strategy to speed up growth, its founder and group chief executive officer told Reuters.
“We don’t have anything in Europe at the moment on IOD (integrated oxides and derivatives) and therefore being a global firm, we can find some opportunities in IOD,” Aloke Lohia told Reuters in a virtual interview on Monday.
Indorama Ventures’ integrated oxides and derivatives (IOD) business makes chemicals for a variety of end uses, including food processing and agriculture.
Lohia said the company is also scouting for assets in Africa involved in making material used in plastic bottles and polyester, which are currently its main businesses.
The move comes as the Bangkok-based company, one of the world’s biggest petrochemicals…
