Supplier Description:
Indorama Ventures PCL is a global leader in chemical production and are one of the largest manufacturers of Polyethylene Terephthalate (PET) polymers, which is used to produce plastic containers and other plastic-based items. Indorama brought in $7.2 billion dollars in revenue in 2016 and currently employees more than 14,500 skilled employees. Their headquarters is located in Bangkok, Thailand.
The Knox Bottlers are considering Indorama Ventures PCL as a potential top supplier because they are one of the largest most sustainable and innovative manufacturers of PET polymers and they provide a low price, good quality product from locations across the globe.
Supplier Scorecard Results: Indorama is a very large manufacturer of Polyethylene Terephthalate polymers with 18 PET manufacturing facilities across the globe. The locations of these facilities can be found in such countries as, The USA, Mexico, Thailand, India, Spain, Turkey, Nigeria, Indonesia, Poland, China, The Netherlands, and Lithuania. The spread and diversification of their manufacturing locations …show more content…
However, the financial growth and performance of Indorama is showing somewhat of an improvement over the last 3 years. The Gross Profit Margin went from 8.95% in 2014 to 11.30% in 2015 and 14.30% in 2016, which shows that Indorama is showing increased product profitability and is a positive sign for the future of their PET production. The current ratio for Indorama was 1.50 in 2014, 1.23 in 2015, and 1.28 in 2016. The current ratio of Indorama over the past 3 years has been close to one, which suggests that they are operating at a risk because their current assets are barely larger than their current liabilities. However, Indorama is investing in future products and capacity which could explain this and why it is staying within a similar range across the last 3
Indorama Ventures PCL is a global leader in chemical production and are one of the largest manufacturers of Polyethylene Terephthalate (PET) polymers, which is used to produce plastic containers and other plastic-based items. Indorama brought in $7.2 billion dollars in revenue in 2016 and currently employees more than 14,500 skilled employees. Their headquarters is located in Bangkok, Thailand.
The Knox Bottlers are considering Indorama Ventures PCL as a potential top supplier because they are one of the largest most sustainable and innovative manufacturers of PET polymers and they provide a low price, good quality product from locations across the globe.
Supplier Scorecard Results: Indorama is a very large manufacturer of Polyethylene Terephthalate polymers with 18 PET manufacturing facilities across the globe. The locations of these facilities can be found in such countries as, The USA, Mexico, Thailand, India, Spain, Turkey, Nigeria, Indonesia, Poland, China, The Netherlands, and Lithuania. The spread and diversification of their manufacturing locations …show more content…
However, the financial growth and performance of Indorama is showing somewhat of an improvement over the last 3 years. The Gross Profit Margin went from 8.95% in 2014 to 11.30% in 2015 and 14.30% in 2016, which shows that Indorama is showing increased product profitability and is a positive sign for the future of their PET production. The current ratio for Indorama was 1.50 in 2014, 1.23 in 2015, and 1.28 in 2016. The current ratio of Indorama over the past 3 years has been close to one, which suggests that they are operating at a risk because their current assets are barely larger than their current liabilities. However, Indorama is investing in future products and capacity which could explain this and why it is staying within a similar range across the last 3