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Indorama Ventures’ Expansion of Bicomponent Fiber in the US New Production Capacities to Serve Growing Customer Requirements

May 21, 2018

• Delivers differentiated Bicomponent fibers
• Increases competitive advantage to serve customers in broader markets
• Underlines our position as the world’s leading supplier and largest producer of polyolefin bicomponent fibers

Bangkok, Thailand – 21 May 2018 – FiberVisions Corporation, a subsidiary of Indorama Ventures, has received the approval of Indorama Ventures’ board to further expand its bicomponent fiber capacity in Covington, Georgia, USA. This new project will be the Company’s largest line for producing bicomponent fiber, with 24,000 tons per year capacity, and will have state-of-the-art technology to create a new generation of Bicomponent fibers. The innovative design and performance characteristics of these novel fibers will be shared with our strategic partners closer to the start-up date.

“We recognize that changes taking place in the nonwovens, hygiene, and industrial markets are creating the need for new performance attributes from our fibers.  This expansion will allow our joint venture with JNC of Japan, ES FiberVisions, to continue delivering differentiated bicomponent fibers that our customers need in order to be successful in their own businesses,” according to Mr. Tom Zaiser, CEO of FiberVisions Corporation.  “With this investment in Covington, we will provide new capabilities to our customers, particularly in the Carded, Air Laid, and Air Lay markets.  As a pioneer of bicomponent fiber, this expansion will enable ES FiberVisions to remain the leading supplier in the world.”

The new line will create a site with four bicomponent lines servicing the Americas and Europe, and represents one piece of an expansion plan promoting our bicomponent fiber growth worldwide. Indorama Ventures and ES FiberVisions (ESFV), a joint venture between FiberVisions LLC (a subsidiary of Thailand’s Indorama Ventures PCL) and Japan’s JNC Corporation, have been successfully expanding bicomponent fiber growth on a global scale. Key projects have been carried out: ES FiberVisions opened a new production facility in Rayong, Thailand in 2017; FiberVisions Corporation will be completing a debottleneck of its existing Bicomponent fiber lines in Covington in the summer of 2018; and the previously announced investment to double the capacity of ES FiberVisions Suzhou Co., Ltd plant to over 28,000 tons per year capacity in Jiangsu Province, China, will be completed in the summer of 2019.

Through the ES FiberVisions joint venture between FiberVisions and JNC Corporation, the two partners are the world’s largest producers of polyolefin bicomponent fibers and have the broadest geographic coverage of any producer, with production sites in China, Denmark, Japan, Thailand and the United States.

About Indorama Ventures

Indorama Ventures Public Company Limited, listed in Thailand (Bloomberg ticker IVL.TB), is one of the world’s leading petrochemicals producers, with a global manufacturing footprint across Africa, Asia, Europe and North America. The company’s portfolio comprises Necessities and High Value-Added (HVA) categories of Polymers, Fibers, and Packaging, selectively integrated with self-manufactured Ethylene Oxide/Glycols and PTA where economical. Indorama Ventures products serve major FMCG and Automotive sectors, i.e. Beverages, Hygiene, Personal Care, Tire and Safety segments. Indorama Ventures has approx. 15,000 employees worldwide and consolidated revenue of US$ 8.4 billion in 2017. The Company is listed in the Dow Jones Sustainability Index (DJSI).

Indorama Ventures is headquartered in Bangkok, Thailand with global operating sites in

Contacts
Richard Jones
Tel: +662.661.6661 ext. 680
richard.j@indorama.net

Naweensuda Krabuanrat
Tel: +662.661.6661 ext. 247
naweensuda.k@indorama.net