Professional
Added to YB: 2026-02-19
Pitch date: 2026-02-17
INDOY [neutral]
Indorama Ventures Public Company Limited
+11.76%
current return
Author Info
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Company Info
Indorama Ventures Public Company Limited, together with its subsidiaries, manufactures and distributes petrochemical products in Thailand, the United States, Brazil, and internationally.
Market Cap
THB 128.6B
Pitch Price
THB 0.59
Price Target
N/A
Dividend
3.06%
EV/EBITDA
10.80
P/E
-48.34
EV/Sales
0.82
Sector
Chemicals
Category
special_situation
How a Petrochemical Giant Broke Its Promise - Indorama Ventures
INDOY (overview): Thai petrochemical company has exposed thousands in Texas to carcinogens, violated environmental permits, and concealed toxic leaks from regulators. According to TCEQ records, Indorama has emitted several thousand pounds of ethylene oxide and other hazardous air pollutants in violation of its permits. The documents show a pattern of accidents and leaks at the plant that have exposed thousands of local residents to toxic chemicals. The TCEQ also found that the company didn’t notify regulators and the public of several toxic releases at its facility. Jefferson County, where the Indorama plant is located, has the highest breast cancer mortality among women under the age of 50 in Texas, according to National Cancer Institute data. Long-term ethylene oxide exposure is linked to a higher rate of breast cancer in women.
Read full article (12 min)