Indorama Ventures Public Company Limited (IVL), a global sustainable chemical company, opens a new commercial office and R&D lab in Shanghai, China. The new facilities are strategic, serving the APAC region’s specific demands for the Integrated Oxides and Derivatives (IOD) division.
IVL’s IOD division maintains its focus on customers and the new office and R&D lab play an important role in leveraging synergy with local customers and developing solutions based on the market’s needs. The new lab allows IVL’s IOD division to expand research and development in surfactants and specialty chemicals with a focus on the local markets of Crop Solutions, Home and Personal Care, Coatings and other industry applications.
Samir Rawal, Regional Business Director APAC, says, “The opening of this space is a significant step in strengthening and expanding the company’s position in the Asian market. In addition, it boosts the IOD strategy to expand the development of specialized, added-value downstream products.”
IVL recently completed the acquisition of Oxiteno, becoming a world-leading provider of high-value surfactants. With the acquisition, IVL expands its growth profile to highly attractive markets, becoming the leading producer of surfactants in the Americas, with additional potential for expansion in EMEA and the APAC region.