Indorama Corporation

Indorama Corporation, a Singapore-based corporate group, is a global producer of essential materials, which includes fertilizers, polymers, yarns and fibers, medical gloves and specialty chemicals. ^{[1] [2]}

Indorama Corporation

Company type	Corporate group
Industry	Conglomerate
Founded	1975
Founder	Mohan Lal Lohia,Sri Prakash Lohia
Headquarters	Singapore
Area served	Worldwide
Key people	Sri Prakash Lohia (Chairman) Amit Lohia (Vice Chairman and Group CEO)
Products	Fertilizers - Nitrogenous (Urea, Ammonium Nitrate, Ammonium Sulphate) and Phosphatic (Phosphoric Acid, DAP, NPK, SSP), Polymers (Polyolefins and PET resin), Fibers & Yarns (Spun Yarns, Polyester fibers & yarns, spandex yarns) and Medical gloves
Website	indorama.com

Founded in 1975 by Mohan Lal Lohia to produce cotton spun yarns in Indonesia, the Group is now led by Sri Prakash Lohia (Group Chairman) and his grandson, Amit Lohia (Group Vice Chairman).^[3][4] The conglomerate operates in Asia, Africa, South America and Eurasia generating annual revenues of c.US$ 6 billion.^[5]

Key Subsidiaries:

Subsidiary Name	Product Categories	Geography/ Country
Indorama Eleme Fertilizer & Chemicals Ltd.[6]	Ammonia and urea complex	Nigeria
Indorama India Pvt. Ltd. [7]	Fertilizers and spandex	India
JSC Rustavi Azot[8]	Nitrogen fertilizers and specialty chemicals	Georgia
Adufértil, Adfert and Fassagro[9]	Fertilizer blending and distribution, liquid fertilizers and fertilizer additives	Brazil
Indorama Kokand Fertilizers and JSC Farg’onaazot[10]	Fertilizers and chemicals	Uzbekistan
Indorama Eleme Petrochemicals Ltd. [11]	Olefins and polyolefins	Nigeria
PT Indo-Rama Synthetics Tbk [12]	Spun yarns, Polyester fibers and PET Resin	Indonesia
Indorama Iplik [13]	Spun yarns	Turkey
Indorama Kokand[14]	Spun yarns	Uzbekistan
FE Indorama Agro LLC[15]	Farming of cotton and rotational crops	Uzbekistan
YTY Group and Medisafe Technologies [16]	Disposable medical gloves	Malaysia and Indonesia

History

In 1975, Mohan Lal Lohia and his son Sri Prakash Lohia established Indorama Synthetics in Purwakarta, West Java, Indonesia. The company started with a cotton yarn spinning mill in 1976.^[17]

In 1989, Indorama started a subsidiary, PT Medisafe Technologies, to produce disposable gloves.^[17][18][19]

Indorama become the largest textile raw materials producer in Indonesia, diversifying into production of polyester and polyethylene terephthalate (PET) raw materials and later expanding into petrochemicals in Africa. In 2008, the business was reorganized, with the polyester and PET businesses sold to Thailand-based Indorama Ventures—another corporate group of the Lohia family, headed by Sri Prakash's brother Aloke—and Indorama Corporation established in Singapore as a holding company for Indorama Synthetics. The group is now managed by Sri Prakash's son Amit.^[20][21]

Year	Milestone
1991	Commissioned its first polyester fiber plant
1995	Started the first PET resin facility in Indonesia [22]
1998	Expanded internationally by establishing a modern spun yarns plant in Turkey
2004	Commissioned its first upstream petrochemical (PTA) plant in Thailand[23]
2006	Acquired Eleme Petrochemicals (integrated polyolefins) in Nigeria[24]
2010	Formation of Indorama Ventures Public Company Limited in Thailand[25]
2012	Commissioned spandex yarn plant in India[26] and acquired YTY Group, a leading medical gloves producer in Malaysia [27]
2014	Acquired Industries Chimiques du Sénégal, an integrated phosphate fertilizer producer in Senegal[28][29]
2016	Commissioned its first natural gas to ammonia and urea plant in Nigeria[30]
2018	Acquired Tata Chemicals’ phosphate fertilizer business in India[31][32][33]
2019	First cotton harvest in Uzbekistan
2020	Started fertilizer production in Uzbekistan[34]
2021	Started Group’s second large scale natural gas to ammonia & urea manufacturing facility and acquired Adufértil[35], a large blender and distributor of fertilizers in Brazil
2022	Acquired Grasim’s Fertiliser business in India[36][37] and Adfert in Brazil (fertiliser additives)[38]
2023	Acquired fertiliser producers - Rustavi Azot (Georgia)[39], FerganaAzot[40] (Uzbekistan), and Tak Agro (Nigeria)[41]
2025	Announced a US$ 130 million Decarbonization Plan. [42] Acquired Fassagro, Brazil, a manufacturer of liquid fertilizers[43]

Products and Operations

Indorama Corporation operates across multiple industrial sectors:^[44]

• Fertilizers: Production of nitrogen, phosphate, and NPK fertilizers
• Polymers: Manufacture of olefins, polyethylene, and polypropylene and PET resins used in packaging, films, and consumer goods.
• Fibers & Yarns: Production of spun yarns, spandex yarns, polyester staple fiber, polyester and filament yarns, and farmed cotton fibers.
• Medical Gloves: Synthetic examination and surgical gloves.
• Specialty Chemicals: Includes products such as sodium cyanide and ammonium nitrate.

Corporate Social Responsibility

Indorama Corporation undertakes CSR programs in education, healthcare, clean water and sanitation, infrastructure, income generation, and local engagement.^[45] The Group states that its CSR governance follows local regulatory frameworks and is aligned with the relevant UN Sustainable Development Goals.^[46]

Sustainability

Indorama Corporation’s sustainability strategy is aligned with the United Nations Sustainable Development Goals (SDGs), focusing on emissions reduction, energy and water efficiency, and circular economy initiatives.^[47] In January 2025, the company announced a US$130 million Decarbonization Plan aimed at lowering greenhouse-gas emissions across its global operations.^[48]It has also secured several green and sustainability-linked financings for its businesses in Nigeria, Georgia, Indonesia, India, and Uzbekistan from multilateral and development financial institutions—the International Finance Corporation (IFC)^[49], European Bank for Reconstruction and Development (EBRD)^[50], British International Investment (BII)^[51], and the Asian Development Bank (ADB)^[52]as well as leading commercial banks – SMBC^[53], HSBC^[54] and DBS^[55].