Global sustainable chemical producer IVL has reported a record performance in 2021 as the economic recovery drove demand across the company's global footprint. In 2021, Indorama Ventures Public Company Ltd. (IVL), Bangkok/ Thailand, delivered operational EBITDA of US$1.74 billion (+55 year-on-year) on production volumes of 14.72 million tons (+7). Consolidated sales increased 38 to $ 14.63 billion as consumer confidence rebounded and the company's resilient model benefited from rising inflation, energy price hikes and supply chain shocks. IVL's combined PET segment posted a 39 increase in EBITDA to $ 1.1 billion in the context of strong demand and low inventories. The resetting of PET contracts in 2022 is expected to capture higher freight rates and the consequent beneficial impact on import parity. The segment is expected to enjoy improved margins in 2022.
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