Indorama Ventures, the world's largest fully integrated polyester company, is setting up a polyester fibre and yarn recycling plant in Nakhon Pathom. The facility, which will be the largest of its kind in Thailand, is expected to be operational in 2013. While declining to disclose the investment cost of the plant, the company said yesterday that it would have an annual recycling capacity of about 30,000 tonnes.
"We have already started the construction of our first recycling plant in Thailand, in Nakhon Pathom. The plant will start operations by 2013. Construction will take about one year to complete," said Suchitra Lohia, director and chairman of the CSR Committee at Indorama Ventures.
Indorama Ventures currently operates one other recycling facility, in the US, where it plans to establish a second such plant. Suchitra said the company had entered the wool business in |1994 with the establishment of Indorama Holdings as the Kingdom's first wool-yarn producer. It started a recycling business in 1995, and polyester and purified terephthalic acid (PTA) production in 1997 and 2008 respectively, making the company a fully integrated polyester player, and now the largest in the world, she said.
Indorama Ventures has manufacturing operations in Rayong, Lop Buri and Nakhon Pathom. It is based in Bangkok and listed in the local stock exchange. "We supply recycled resins to the world's leading soft-drink and food companies, including Pepsi-Cola, Coca-Cola and Nestle, all over the world. We also supply PET bottles and closures in Thailand," said Suchitra.
"We have 25 manufacturing operations around the world covering four key continents, namely, Asia, Europe, North America, including Mexico, and Africa. We produce 3 million tonnes of |recycled resins per year," said Richard Jones, head of investor relations and corporate communications.
He said the average growth |in demand for PET resins worldwide is about 9 per cent per annum. In Asia, demand growth is about 11 per cent a year on average, far higher than in Europe and the US, for which the figure is 3 per cent. About 90 per cent of recycled resins is used for making beverage bottles, while the remainder is for producing films, such as screen-protection film for mobile phones.
Meanwhile, Indorama Ventures, in collaboration with the Chanapatana International Design Institute, yesterday announced the organisation of the "RECO Young Designer Competition 2011", which will challenge entrants to create items through the medium of both fashion and furniture design by using recycled PET bottles and polyester. Some of the space at Indorama Ventures' pavilion at the "BoI Fair 2011", to be held between November 10 and 25 at Impact Muang Thong Thani, will be set aside for the winning designs.
The competition is aimed at stimulating new "green" designers, who will hopefully go on to make Thailand a sustainable investment destination. It is also in line with Indorama Ventures' vision of doing business with a view to a better quality of everyday life, and with concern for the environment, the company said.