Reduced Chinese export competitiveness could tighten global PVC supply and support pricing for domestic players such as Astral or Epigral.
The PVC pipe industry is coming out of a year that saw inflationary pressures and subdued demand across segments, with a reduction in government's infrastructure spending, leading to caution in inventory optimization by channel partners.
Indorama Ventures is one of the largest petrochemical producers globally, and is based out of Thailand. It is one of the world’s largest producers of integrated polyester products and fibers, and a key player in the chemical business.
This project is a part of the state government's incentive scheme.
The company has made an initial public offer of up to 15,903,000 equity shares of face value of Rs. 10 each (equity shares) of Platinum Industries Limited.