BANGKOK, Thailand, May 9, 2025-

Submission of Quarterly Reviewed Financial Statements and the Management Discussion and Analysis of Indorama Ventures Public Company Limited for the first quarter ended March 31, 2025’

Overview. The first quarter of 2025 unfolded against a backdrop of persistent global macroeconomic headwinds. Sluggish global  GDP  growth,  elevated  interest  rates,  and  geopolitical  uncertainties  continued  to  weigh  on  industrial activity.  The  petrochemical  industry  remained  under  pressure  from  weak  downstream  demand,  global oversupply,  compressed  industry  spreads,  with  energy  costs  staying  elevated,  particularly  in  key  Western markets. This quarter saw a sizable reduction in ocean freight rates, reducing import parity, and thereby margins, across products.

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