Post by account_disabled on Dec 24, 2023 9:36:54 GMT
Indorama Ventures reports 3rd quarter 2020 results. Bangkok, Thailand – 10 November 2020 – Indorama Ventures Public Company Limited or IVL, a leading global chemical manufacturer. Report on operating results for the 3rd quarter of 2020 Overall performance : The company reported a net profit of 380 million baht in the third quarter of 2020 and 1,104 million baht for the nine-month period 2020. This year's operating results giving us important insights About the addition future market growth At the same time the company Aiming to promote the goal of ROCE growth from 4 percent to 15 percent as targeted by 2023. In Q3 2020 , the company reported sales volume of 3.6 million tons, growing 18 percent year-on-year. Sales volumes increased 4 % year-on-year to 3.2 million tonnes on a comparable basis . Such incident Demonstrate flexibility of the company's products and ability to reach customers can clearly be seen as a global leader The Company generated cash flow from operations of US$354 million in Q3 2020 and US$994 million for the nine- month period 2020, resulting in the Company There is liquidity from money.
Cash and cash equivalents Including unused funds of up to 2.5 billion USD. Project Olympus (Business Transformation and Cost Excellence Management Program ) generated cost savings of $ 21 million in Q3 2020 and $ 64 million for the nine- month period . 2020 The company aims to save costs in 2020 in the amount of 76 million USD. and expected to be able to achieve its goals The Telegram Number Data cost savings were more than The target set for this year has reached 15 percent from the implementation of various sub-projects. Overview : The company has laid an important foundation in 2020 with the Olympus initiative , which will promote business excellence and grow sustainable EBITDA by US$ 582 million by 2023 , with an adjusted target from that. It had previously mentioned $ 352 million at Capital Markets Day in early 2020 after aggressive operations. and support from experts Expert in building teams to take initiatives Project implementation in all 3 business groups around the world.
The Company is in the process of implementing its plan to meet its ESG goals and recycling commitments. to increase recycling to 750,000 tonnes per year and invest US$ 1.5 billion to create a floor structure Global recycling base by 2025 The company has promoted leadership strength and has also recruited leaders in Digital and Lean Six Sigma to support the reform. and the organization's technology center as well. The company is in the process of developing the S4 system.Hana ( ERP or business resource planning system ) for global operations and established the Global Business Services (GBS) office , which is a highlight of our operations. Work according to the change project Changing the business structure The company has established a clearer leadership structure to drive operating results. Working under the supervision of Mr. Dilip Kumar Agarwal, CEO , who is responsible for all 3 business groups and changing the management structure under the Chief Strategy Officer, at the same time, the Chief Financial Officer and Chief Human Resources Officer will be responsible. Set up a governance structure for efficiency at the organizational level.
Cash and cash equivalents Including unused funds of up to 2.5 billion USD. Project Olympus (Business Transformation and Cost Excellence Management Program ) generated cost savings of $ 21 million in Q3 2020 and $ 64 million for the nine- month period . 2020 The company aims to save costs in 2020 in the amount of 76 million USD. and expected to be able to achieve its goals The Telegram Number Data cost savings were more than The target set for this year has reached 15 percent from the implementation of various sub-projects. Overview : The company has laid an important foundation in 2020 with the Olympus initiative , which will promote business excellence and grow sustainable EBITDA by US$ 582 million by 2023 , with an adjusted target from that. It had previously mentioned $ 352 million at Capital Markets Day in early 2020 after aggressive operations. and support from experts Expert in building teams to take initiatives Project implementation in all 3 business groups around the world.
The Company is in the process of implementing its plan to meet its ESG goals and recycling commitments. to increase recycling to 750,000 tonnes per year and invest US$ 1.5 billion to create a floor structure Global recycling base by 2025 The company has promoted leadership strength and has also recruited leaders in Digital and Lean Six Sigma to support the reform. and the organization's technology center as well. The company is in the process of developing the S4 system.Hana ( ERP or business resource planning system ) for global operations and established the Global Business Services (GBS) office , which is a highlight of our operations. Work according to the change project Changing the business structure The company has established a clearer leadership structure to drive operating results. Working under the supervision of Mr. Dilip Kumar Agarwal, CEO , who is responsible for all 3 business groups and changing the management structure under the Chief Strategy Officer, at the same time, the Chief Financial Officer and Chief Human Resources Officer will be responsible. Set up a governance structure for efficiency at the organizational level.