ADVANCING PETROCHEMICAL LEGACY
His business ventures began with the founding of Aurus Specialty Chemicals in Thailand in 1988, the family’s first non-textile venture. This small chemical company used plant waste to make furfural. Six years later he went on to establish Indorama Holdings, Thailand’s first worsted wool yarn manufacturer. Lohia then set up Thailand’s first PET production company in 1995 after realizing that the packaging industry material was in great demand but short supply. IVL eventually spread around the globe from North America to Europe, Asia to Africa. Since that first small factory in Thailand, Indorama Ventures has grown to become the largest PET business in the world today.
Indorama Ventures recently expanded its PET/PTA integration even further via the acquisition of the BP Decatur, Alabama, site that includes PX and PTA production, the Old World Industries ethylene oxide/ethylene glycol business with a world-scale manufacturing facility in Bayport, Texas, and the ethylene plant in Lake Charles, Louisiana.
Lohia was born in 1958 in Calcutta, India. He graduated in 1978 with a bachelor of commerce degree from the University of Delhi and holds an honorary doctoral degree of business administration from Rajamangala University of Technology Krungthep in Thailand.