Q2 2021 Indorama Ventures PCL Earnings Call Transcript
Well, I'd like to welcome our viewers here today. Indorama Ventures, or IVL, this morning reported its second quarter earnings update, and they reported a core EBITDA of USD 477 million. Today, I'm joined by IVL's CEO, Mr. D.K. Agarwal. Welcome, sir, and please tell us what's driving this result.
So thank you, Stuart, for having me on the spin. You are right, we reported core EBITDA of $477 million, which is a growth of 30% quarter-on-quarter. This is testimony of our business model, of business resiliency, geographical diversification and product diversification. The demand in the entire value chain has been quite strong in spite of interruption in the supply chain.
The PET has come out as a very preferred polymer. And as the stimulus packages came up, the consumer demand is stronger. But when we look at Lifestyle, we look at Mobility, Hygiene or on the Oxide side. Of course, the Olympus program is also on the
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