Indorama Ventures opens new IOD business and R&D center in Mumbai to serve customers in India and Asia-Pacific
Indorama Ventures Public Company Limited (IVL), a global sustainable chemical company, opened its new 10,000-square-foot office and technology center at Marwah Centre in the prime area of Mumbai, India. The new facility is part of the company’s high-growth Integrated Oxides & Derivatives (IOD) business segment, serving global customers in India and the Asia-Pacific.
Alastair Port, Chief Operating Officer of IOD business at Indorama Ventures, said, “IVL is committed to growing our IOD business sustainably in India and Asia-Pacific and this new business and technology center in Mumbai is a key driver. Having support functions as well as an R&D center under one roof in the heart of Mumbai is convenient for customers to collaborate with us to create better solutions.”
The new R&D center is the company’s hub for the Indian Subcontinent and South East Asia to develop products supporting downstream markets, such as home, personal and industrial care and cleaning, agrochemicals, energy, lubricants, mining, and coatings. The center will also work closely with IVL’s global R&D team to exchange information and accelerate product development cycles.
Samir Rawal, Regional Business Director of IOD – ISC, China, ASEAN, said, “The new state of the art Innovation Center and office facility reflects our commitment to a fast-growing Indian Subcontinent and wider APAC market . This will provide a strong platform for our rapid growth in years to come.”
The new facility provides a higher quality environment for employees with convenient transport options and modern facilities. The business’s commercial and technical functions, including supply chain, finance, sales, and R&D are integrated at the new facility. The integration enables closer collaboration across functions and faster improvements to address changing customer needs.
