Indorama Synthetic's first quarter revenues fell 5.41 per cent compared to the same period last year. But for the second half of the year, revenue will be driven by additional production capacity of mill spun yarn. The budgeted capital expenditure this year will be used to increase production capacity at the mill spun yarn capacities in Indonesia and Uzbekistan. Meanwhile, total production has reached 60 million meters a year, and polyester production capacity is 277 thousand tons a year.

The company exports to 80 countries around the world such as North America, South America, and Europe. In 2014 exports were equivalent to 67 per cent of total revenue. In the first quarter of this year, exports reached 67.89 per cent of total revenue. Indorama has three factories. For now, the focus is on spun yarn. Increased production capacity is expected. The company is looking to increase revenues in 2015, amounting to $850 million, up from last year’s $726.02 million.

The company was incorporated in 1986. Indorama Synthetics is one of Indonesia’s largest exporters. A continuous process of reinvestment and productivity enhancement programs has made Indorama Synthetics one of the most competitive producers of polyester worldwide.

The spun yarn division accounts for over 20 per cent of the company’s revenue. With a capacity of over 2,50,000 spindles and over 50 per cent of its output being exported, the company is one of the largest exporters of spun yarn in Indonesia.
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