Indorama Ventures plans to increase prices of its products from October 1, 2021. As per a Textile Network report, like many companies, Indorama’s textile subsidiary, the Indorama Mobility Group has been confronted significant inflation since the beginning of the year. In particular, the rise in inflation has been notable in gas prices that have tripled in the past few months in Europe while increasing 50 per cent in the US. Pices of CO2 emissions and compliance cost: prices for CO2 certificates in Europe have almost doubled, touching €60 per ton up from €30 per ton at the end of last year, while regulations continue to expand the need for CO2 compensation.

Prices of chemicals and additives have increased 5 per cent while standard packaging materials have gone up over 30 per cent. Despite having a local manufacturing footprint Indorama is not fully affected by global freight issues, regional logistic costs are also increasing up to 20 per cent.