en.Wedoany.com Report on Mar 25th, Bangkok, Thailand - Aloke Lohia, CEO of Indorama Ventures, recently presented to analysts and investors that the company has formulated its 2026-2028 business plan, aiming to enhance competitiveness and address ongoing transformations in the global chemical industry. Guided by the VUCA framework, this plan focuses on cost optimization, balance sheet resilience, and building asset robustness to strengthen the company's market position.
The plan will be implemented in conjunction with the SOAR methodology to collectively drive value creation in the next phase. Lohia noted, "The difference between SOAR and VUCA lies in psychological orientation. SOAR emphasizes possibilities and internal aspirations, while VUCA focuses on preparedness and external awareness. We need to utilize both approaches simultaneously to achieve equally beneficial outcomes." The company recently restructured its senior leadership to enhance decision clarity and capital management, ensuring effective plan execution.
The 2026-2028 business plan revolves around five core priorities: structural cost leadership, commercial and manufacturing excellence, portfolio restructuring, inventory optimization, and cash and capital management. Lohia emphasized that this roadmap does not rely on assumptions of cyclical recovery but is based on the premise that industry spreads will remain at the trough levels of 2025. Through self-help measures such as cost optimization and inventory discipline, the company aims to double its EBITDA by 2028.
The Indovida packaging business is viewed as a key growth engine, demonstrating stable demand growth potential in the food & beverage and personal care markets. Lohia added, "Since 2020, we have navigated multiple challenges, including polyester business maturity, crude oil volatility, the global pandemic, and geopolitical conflicts. This prompted a strategic refresh, launching IVL 2.0 in 2023. In collaboration with the Board and Management Committee, we are executing a clear roadmap to unlock value. By optimizing inventory and enhancing market responsiveness, the sales and operations execution cadence is strengthening the 'local for local' model. We remain focused on growth, seizing strategic opportunities, and creating superior value for shareholders by strengthening high-EBITDA businesses such as Indovinya, Indovida, and the Shale-to-PET platform."
