Vol.13 August-December 2015 Powering aBrighter Solar plants Tomorrow The andtheNetherlands relationship between IVL supportsthe INVESTMENTS IN THAILAND INVESTMENTS SOLAR INDORAMA VENTURES SHINES INECORESPONSIBILITY WITH efficiency andproductivity Developing organizational excellence byincreasing ENERGY a GameChangers Sustainability

09 16 17 18 19 05-07 10-12 Executive Editor: Richard Jones Mr. Editor: Ms. Naweensuda Krabuanrat Assistant Editors: Ms. Dolhatai Likanasudh Ms. Sayumporn Laovachirasuwan Ms. Junsayam Somnaitham Ms. Hataichanok Ngowroongrueng Art Director: Sumeth Prempanitnukul Mr. H.M. King Bhumibol has composed 48 songs in Thai Thai in songs 48 composed has Bhumibol King H.M. On New Year’s Eve of 1951, H.M. King Bhumibol planned Eve of 1951, On New Year’s 02 of H.M.K. Bhumibol Royal Initiatives: Musical Talent 03-04 Cover Story Sustainability: Solar plants - Powering a Brighter Tomorrow IVL Today Innovation: Sound absorbing and suited 08 for digital printing: Interior sun protection CS and acoustic textiles in Trevira Good to Know: Photography for All IVL Activities Business Culture: IVL supports the relationship 13 between Thailand and the RECO’S Winner Interview: Fashion Design, Product Design 14-15 HR Knowledge Sharing: Developing organizational excellence by increasing efficiency and productivity Sustainability: Sustainability, a Game Changer In the Vicinity of Yangon Employee Engagement: ProPak 2015 / Thailand Industry Expo 2015 C O N T E N T S T T E N C O N including classic, jazz and contemporary. and English. These songs have been played in many styles, and English. These songs have been Chakkrapan Pensiri to play saxophone along with him. When When him. with along saxophone play to Pensiri Chakkrapan the song was finished, he gave it to the Sun Thra Phon Band song then became very and Chulalongkorn University Band. The festival. the New Year’s famous and is played every year during to bless his people on New Year’s Day. He encouraged close to bless his people on New Year’s “Phon Pee-mai” companions to compose the song called Highness Prince Blessings) and invited His Royal (New Year’s some songs, the King usually gave them to the Government to the Government some songs, the King usually gave them Sun Thra Phon Band. Public Relations Department Band and the universities in Thailand. Later, he composed the songs for many Sanitwong and Professor Nopphakhun Thongyai. After composing composing After Thongyai. Nopphakhun Professor and Sanitwong

Reference: to provide quarter every Beacon is published The activities and company’s news the about information Not for sale. to all stakeholders. Aloke Lohia Group CEO Indorama Ventures PCL. Group CEO Indorama Ventures

His Majesty plays several instruments, including piano, including piano, His Majesty plays several instruments, His Majesty Besides his talent in playing instruments, for his songs for His Majesty chose to compose lyrics

H.M. King Bhumibol has talents in many areas, such as has talents in many areas, such as H.M. King Bhumibol Musical Talent of H.M.K. Bhumibol of H.M.K. Musical Talent Happy New Year to you all! What an awesome year for to you all! What an awesome year for Happy New Year The global economic environment was challenging throughout challenging was environment economic global The partners, customers, our to gratitude my express to like would I prosperous a for your families and you wishes to best Very

Copyright © 2015 Indorama Ventures Public Company Limited. Company Public Ventures Copyright © 2015 Indorama technology, sports, arts and music. He started to play clarinet andtechnology, sports, arts and music. He started He was taught saxophone while he was studying in Switzerland. to play classics and jazz. of saxophones. He usedtrumpet, clarinet, cornet and many types songs from famous bigto prefer brass instruments, along with the whose main instrument bands, especially Sidney Bechet, a band was soprano saxophone. compose songs as enjoys composition. He started to (King Rama VIII). suggested by his brother, King Ananda Mahidol and without lyrics. He composed Thai and English songs; with Chakkrapan Pensiri, people including His Royal Highness Prince Honorable Prapan the Honorable Senee Pramote, the Indorama Ventures Public Company Limited Ventures Indorama 2, 28th Floor 75/102 Ocean Tower Soi Sukhumvit 19 (Wattana) 10110, Thailand +662 661 6661 Telephone: Fax: +662 661 6664 www.indoramaventures.com Website: E-mail: [email protected] Royal Initiatives Royal

Dear Friends, Group CEO New Year’s Message Year’s Group CEO New Indorama Ventures! Indorama We celebrated Ventures! our first 25 years and, looking back, we have seen both evolution and progress. Growth cannot occur if we keep repeating the same things, so we have taken steps to drive forward; successfully increasing our market presence and consolidating our position as the top player in the industry. 2015, however, our business model is very strong allowing us to will overcome great challenges and continue to outperform. We always turn challenges into opportunities to reach the next level. they trust and confidence the for shareholders and members board possible without whole- have shown in us. It would not have been hearted support, dedication and encouragement of our employees. 2016. 02 in Thailand arevery good compared to applications. The solarradiationlevels various waysand canbeusedformany alternative option thatcan beutilizedin sources, solarenergyisa sustainable Among avarietyofrenewable energy uses ofalternativeenergy sources. have forcedustofocusmore onthe environment aresomeoffactorsthat of oilandthegrowingconcernsforour demand for energy, the fluctuating price bioenergy andtidalpower.Theincreasing energy, wave power, geothermal energy, as hydroelectricity,solarenergy,wind energy includerenewablesources,such Technologies that promote sustainable future generationstomeettheirneeds. without compromisingtheabilityof energy servestheneedsofpresent that theprovisionofthisform from non-exhaustibleresources,such ground orrooftopstosavelandarea. and mayeitherbeinstalledonthe often used in Thailand in remote locations converting itintoelectricity.Itismost is producedbycollectingsunlightand our domesticandindustrialneeds.It has expandedinrecentyearstomeet and theenvironment.Solarpower energy thatcanprotectoureconomy Powering a Brighter Tomorrow a Powering Solarplants- Sustainability: Cover Story Sustainable energy is obtained Solar powerissustainablegreen Solar farm,agroundmountedsystem carbon-based fuels on the environment. carbon-based fuelson theenvironment. has enabledus toreducetheimpactof one ofitsmain targetsforsupport.This this bynaming alternativeenergyas was also encouraging industries to do Thailand’s BoardofInvestment (BOI) sustainable development of its business. alternative energy was to ensure the company’s strategyofinvestinginto megawatt solarfarmatLopburi.The 2.4 a in initially invest to decided IVL of ourcorporatesocialresponsibility, part a as commitment our fulfill To depletion andenvironmentaldegradation. increasing population,naturalresource to thegrowingneedsofworld;from way of conducting business in response not apublicrelationsstrategy.Itisour future ofindustry.To us,sustainabilityis is the future of the country and the company believesthatrenewableenergy rai) oflandatourLopburicomplex.Our (25 acre 9.9 vacant a using by 2010 in initiated theinstallationofsolarfarm exported tootherEuropeancountries. energy itself and excess energy is being of theirtotalrequirementfromwind 140% generating is Denmark Today, generation inThailandwithsolarfarms. a verygoodpossibilityofpower many othercountriesandhencethereis Our GroupCEOMr.AlokeLohia Solar roofprojectontheofIndoramaHoldingsbuildings

CO in reducingthe CO the Government. Thishelpsusfurther licenses issuedforroofsolar projectsby was alsocompletedunder thenew sold tothePEAinLopburi. This project generated underthisscheme isbeing alternative departmentplan.Thepower of thegovernment’srenewableand the Indorama Holdings building as part of roof the on Watts 220 of modules a new1MWsolarroofprojectwith4,545 the CO reducing thus year per KWH Million 3.9 ment. We havebeengeneratingapprox. (PEA) undertheirpowerpurchaseagree- sold totheProvincialElectricityAuthority land. Thetotalpowerbeinggeneratedis project was installed on 40,000 sq. m of The Watts. 235 of modules 10,300 has and 2011 August in commissioned energy toourbusinessinfuture. us tolearnhowapplyalternative executed inThailandsofarandithelped responsibility projectsthatwehave social corporate significant most the of by generatinggreenenergy.Thisisone to contributethelocalcommunity We considered this project as a good way and thePETFORMbuildings. 2 /year. In October 2014, IVL commissioned The 2.4 MW solar farm plant was plant farm solar MW 2.4 The 2 emissions by 2,100 t CO By Mr.AvinashChandra 2 emissions by 975 t 2 / year.

03

DC Power Battery System Charge Controller Inverter AC Power Solar Radiation from the Sun Solar power does not create pollution when generating electricity. electricity. pollution when generating does not create Solar power nitrogen our air by releasing carbon dioxide, It does not pollute or rain acid warming, global to contribute not does energy Solar – as solar cost for the power it generates There is no on-going parts, do not release They operate silently, have no moving

(a) is Solar energy form of energy. it is the cleanest Environmentally, helping to protect coal) and sustainable, (unlike gas, oil and renewable our environment. (b) like many or mercury into the atmosphere oxide, sulfur dioxide electrical generation. traditional forms of (c) greenhouse to the decrease of harmful smog. It actively contributes gas emissions. (d) recurring Once installed, there are no major radiation is free everywhere. free and will systems are virtually maintenance costs. Solar energy last for decades. (e) to add any fuel. offensive smells and do not require you Solar Panel(s) Electric Current Factory Main Advantages of Solar energy for Sustainability energy of Solar Advantages Main Bird's-eye view of IVL’s solar plant projects in . With a 5 MW solar farm at our Bird's-eye view of IVL’s solar plant projects in Lopburi. With a 5 MW solar farm at our per year of CO2 equivalent site the total savings will be 4400 Tons

tonnes/year. This emissions by 1,100 t 1,100 by emissions 2 emissions by 4,400 2 Energy Conservation With the above installations of both the With the above installations In June 2015 IVL expanded its solar roof Vice President Project and Mr. Avinash Chandra / year. This is the largest solar roof project roof solar largest the is This year. / 2 CO in Thailand that is used for self-consumption. in Thailand that is roof projects at Lopburi, We solar farm and solar 7.8 - 7.9 Million KWH per yearexpect to produce energy thus reducing using clean sustainable the CO is approximately 10% of the total power consumption at the Lopburi Site. projects by an additional 1.3 MW on the roofs of roofs the on MW 1.3 additional an by projects 5,340 with plants closure and blowing PETFORM electricity The power. of Watts 220 of modules consumed in by this project is being generated helps us This Lopburi complex. at our houses CO our reducing in further 04 to necessarylegalapprovals. S.A.U. (“CEPSA”)inGuadarranque-San Roque,Cadiz,Spain,subject (“CEPSA Spain”), a subsidiary of Compañía Española de Petróleos S.A. Química Cepsa of business (PTA) Acid Terephthalic Purified Purified Isopthalic Acid (PIA), Polyethylene Terephthalate (PET) and has onshoreintegrationinthethreekeycontinentsitoperates in. tonnes perannumPTA plantinNorthAmericawherebyIVLnow ethylene is the feedstock. Earlier in the year, IVL acquired a 600,000 Oxide (PEO)andMonoEthyleneGlycol(MEG)intheUSA,for which Indorama Ventures is already a major producer of Purified Ethylene annum. per propylene of tonnes 30,000 and ethylene of tonnes ethane and propane feedstock to produce approximately 370,000 Indorama Corporation.TheLakeCharlescrackercanprocess both cracker, with the remaining 24% financial investment being made by Through the acquisition, IVL is taking a 76% interest in the ethylene an ethylenecrackerlocatedinLakeCharles,Louisiana,USA. LLC hassignedapurchaseandsaleagreement(PSA)acquired and Bookrunnersforthetransaction. and UnitedOverseasBankLtd.actedastheJointLeadManagers debt marketdevelopmentofThaicompanies.CIMBBankBerhad maiden bondissueintheSingaporemarketisamilestone reputation andtheunconditionalguaranteefromCGIF.The This S&P. from occasion was rating a good issue reflection ofAA the confidencean in thecarries company’s bond The years. 10 per 3.73% annum, payablesemi-annuallyinarrearsandhaveatenorofof rate interest an bear will bonds The (ADB). Bank & InvestmentFunds(CGIF),atrustfundoftheAsianDevelopment ever toreceiveanunconditionalguaranteefromCreditGuarantee currency bond in the Singapore market and is the first Thai company Ventures Executiveshavejoinedtheprojectopening. Federation ofThaiIndustriesLopburiProvinceandIndorama of ThaiIndustries,Mr.SomnukTeangchatapun, Chairmanofthe Mr. KriengkraiTiennukul,ViceSecretaryGeneraloftheFederation IVL Today Indorama Ventures PCLsignedanagreementtopurchasethe Indorama Ventures announced that Indorama Ventures Olefins offshore first its issued successfully has Ventures Indorama I Industry, Mr.ThanakomJongjira,theGovernorofLopburi, site. Lopburi Dr. AtchakaSribunruang,PermanentSecretary,Ministryof its at roof solar MW 1.25 new a with ndorama Ventures expandeditsbusinesssustainability

a strategicsupplypartner. quarters. PepsiCo presented IVL with a certificate recognizing it as comed ateamofexecutivesfromPepsiCotoitsBangkokhead- raised coreEBITDAby118%. together withsomepositiveforeigncurrencyearningstranslation, and year last period same the to compared 8% by production its increased business Yarns and Fibers The 37%. rise to EBITDA tion by 9% compared to the third quarter of 2014 enabling core Thailand. Nevertheless,theglobalPETbusinessincreasedproduc- USA andaforcemajeurebydomesticrawmaterialproducerin an unplannedoutageatthecompany’sEthyleneplantin to due partially Q3 in muted remained business Feedstock The footprint that helped core EBITDA rise 43% to THB 6,091 million. mix tomorehighvalue-add products andabroadergeographical million duetoanincreaseinvolumes,achangetheportfolio 1,811 THB to 121% by profit net core improving while on-year, third quarter total revenue was THB 62,603 million, 2% lower year- and TBTWorld Channel Secretariat of the Prime Minister, the Public Relations Department collaboration withtheGovernment Spokeperson’sBureau,the programme called“TheInsider”. Theshowwasproducedin in TheAECandhispersonal experienceinThailandonaTV petrochemical andtextileindustries inThailand,opportunities Indorama Ventures PublicCompanyLimitedrecentlywel- Indorama Ventures Public Company Limited announced its Mr. AlokeLohiagaveaninterviewaboutthestateof

05

Indorama Holdings Limited received Indorama Holdings Limited received the “Good Governance Environment Award organized was ceremony award The 2015”. by the Ministry of Industry. Indorama Ventures PCL received the prize for Outstanding Investor Relations for for Outstanding Investor Relations PCL received the prize Indorama Ventures Mr. Anivesh Tewari, representative representative Tewari, Anivesh Mr. Four subsidiaries of IVL received The National Outstanding Industrial Establishment Four subsidiaries of IVL received The National of Indorama Polyester Industries Nakhon of Indorama Polyester Industries Nakhon Pathom received Thailand Outstanding Occupational Safety for Award Company Health and Working Environment 2015. The awards were granted by the Minister of Labor of Labor Relations and Welfare Award of 2015. Labor The Relations award and was Welfare granted by the Department of Labor. Indorama Polyester Industries Pcl. (Rayong) won Ministry of Labor and Welfare, The Honorable Award for Excellent Establishment of Labor Relations and 2015 Welfare tenth the for won Limited Holdings Indorama (2005-2015), year consecutive 11th the for consecutive year (2006-2015). Indorama Polyester Industries Pcl. (Nakhon Pathom) won the for won Limited Petrochem Indorama and (2010-2015) year consecutive sixth the for fifth consecutive year (2011-2015). companies with a market capitalization of between 30,000 – 100,000 million baht at the at baht million 100,000 – 30,000 between of capitalization market a with companies granted only is prize The (SET). Thailand of Exchange Stock the by hosted 2015, Awards SET outstanding. activities are considered to the best companies whose investor relations

Congratulations to the team in Turkey team in Turkey Congratulations to the Indorama Ventures PCL received a PCL received a Indorama Ventures Indorama Ventures Indonesia was Indonesia was Indorama Ventures IVL Today IVL for their hard work. Indorama Ventures for their hard work. Indorama Ventures one as recognized recently was PET Adana of the top 500 companies in Turkey. prize at the SET Sustainability Awards 2015, Awards Sustainability SET the at prize hosted by the Stock Exchange of Thailand (SET). Among other public companies in the same category, companies with a market value between 30,000 – 100,000 Thailand for prize the won IVL baht, million Sustainability Investment 2015. This prize is granted to the best company that passes the evaluation criteria based on environment, social and governance indicators (ESG). named International Textile Firm of the Year Firm of the Year named International Textile by Producer”, “Fibre category the in 2014, Awards. Headquartered Textile the World in London, Left Bank Partnership organises Awards. The prizes are Textile the World annually given to reward excellence across the entire textile industry. 06 Province. Rayong of Governor Suwannawijit, Somsak Mr. 2015. April 2nd Princess Maha Chakri Sirindhon’s 60th Birthday Anniversary on Certificate under the Ministry of Labor criteria on the occasion of consumption of2000houses. the to equivalent steam, from kW 6,700 average on generates of the electrical consumption of the company. The turbine 20% about reduce helps that unit turbo-generator a service of ThaiIndustries(FTI). Industrial EnvironmentInstitute,theFederation 2015 seminar. The event was organized by The Industry, during the Eco Innovation & Solution plate fromDr.AtchakaSriboonruang,Ministerof tries (Rayong) received an Eco Factory Certification Petrochemicals PclandIndoramaPolyesterIndus- Indorama PetrochemLtd.receiveaSafeWorkplace Indorama Ventures PTA MontréalL.P.justputin Indorama Petrochem Limited, TPT

Continuous Awardsfor2015threeyears. CSR-DIW the received Pcl (Rayong) Industries Polyester Indorama and 2015 Award years andGoodCommunityRelationAwardunderCSR-DIWContinuousProject consecutive five for Awards Continuous CSR-DIW the received Pcl Petrochemicals TPT years. consecutive five for 2015 for Awards Continuous CSR-DIW the received Indorama PolymersPcl,Petform(Thailand)LimitedandPetrochem Indorama Polyester Industries (Nakhon Pathom) Pcl, AsiaPet (Thailand) Limited, Indorama PolyesterIndustries(NakhonPathom)Pcl,AsiaPet(Thailand)Limited,

presented byMr.SomsakSuwannawijit,GovernorofRayongProvince. Chakri Sirindhon’s 60th Birthday Anniversary on April 2 under theMinistryofLaborcriteriaonoccasionPrincessMaha Indorama Petrochem Ltd. received a Safe WorkplaceSafe a received Ltd. Petrochem Indorama Certificate for takingthelongeststridesin riskimprovement. AlphaPet won the prestigious award from FM Global AlphaPet wontheprestigiousaward fromFMGlobal nd , 2015. It was

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By Steffi Bobrowski Steffi By coustic elements based on textile materials are materials are coustic elements based on textile in interior taking on more and more importance but offices, plan open in use for only not – furnishing nurseries,in public facilities as well, such as schools, A fabric quality with digital print from the new Silencio A fabric quality with digital print from the new Silencio A fabric development by Hohmann made from flame retardant flame from made Hohmann by development fabric A Permanently flame retardant fabric development made from Not only the functional features of sound absorption sound absorption Not only the functional features of two- of range the is materials these for choice of material The Top: Top: hybrid yarns with stiffening effect and 3-dimensional texturized Trevira structure, suitable for interior sun screening and acoustic textiles. (©Hohmann) Center: hybrid yarns, on display on the Indorama ventures spundyed Trevira booth at Thailand Industry Expo 2015. Bottom: Textiles). (©Pongs Technical Textiles collection by Pongs Technical A which melts at a lower temperature. When combined with a lower temperature. which melts at Trevira’s permanently flame retardant polyester yarns, it is possible to create stiffened textiles for the application in a vast variety of materials, not only for interior sun protection. The latest creations introduced on the market are fabrics woven in a three-dimensional honeycomb-weave structure, which make ideal sound absorbing textiles with inherent safety. component Trevira polyester yarns containing one component polyester yarns component Trevira auditoria, foyers and restaurants. Alongside familiar elements auditoria, foyers and restaurants. Alongside pictures, interior sun like panels, partitions, canopies and wall also help to improve protection that is sound absorbing can when the fabric has the total acoustics of an area, especially the of dispersion a causes This structure. three-dimensional a to helping thus textile, the of surface the on waves sound indoors. create a better acoustic atmosphere and flame retardancy systems are important for sun a provide Textiles protection systems, but also their design. way a customised in adapted can be that element design blinds, curtain panels, roller to the available space. Vertical shutters, sliding panels: it is possible to integrate all these in terms of design into interior concepts, particularly using digital printing. Given the numerous colours available and the high brilliance of the articles, individually designed motifs on the smooth clear surfaces of sun screening textiles are becoming more and more popular.

Innovation

Interior sun protection and acoustic textiles in Trevira CS and acoustic textiles in Trevira Interior sun protection Sound absorbing and suited for digital printing: printing: for digital suited and Sound absorbing 08 E the photoandoffcenter. subject’s headclosetothetopedgeof can beprovidedinthecaption.Keep background becausethatinformation his orhertrophy,notthesignin winner, the best photo is the winner and background; iftakingpicturesofanaward person, notitemsintheforegroundor people lookbestiftheyfocusonthe you justneedsometricks.Photosof Most moderncamerastakegoodimages, Good toknow to theBeaconforpublication. tips ifyouplantosendphotos for photography.Herearesome veryone hasacamera,orphone,

not thecenter. on thetoporbottomhorizontalline, center. Inlandscapes,thehorizonsits on oneoftheverticallinessosheisoff into ninesquares.Placethemainsubject two horizontallinesdividingyourpicture into thirds, imaginingtwoverticaland magazines. Instead,divideyourphoto for passportsandIDcardsbutboring center ofthephoto,whichisperfect Many peopleposition a subjectinthe ‘Rule ofThirds’topositionsubjects. in paintingsandwecantoousingthe If snapping a small group, try putting If snappingasmallgroup,tryputting Classical artistsposedsubjects for All Photography

line uponisperfect. The natural oval shape that the heads and theshortestincenterfrontrow. tallest peopleinthebackrowatcenter the cornertopright. path with the tallest person’s head at people alongthetrianglemadeby bottom left to top right, then place the at an angle of 60 of angle an at the triangle points. Imagine a footpath the linesoftriangleswiththeirheadson positioned peopleandobjectsalong (pointed down).Mostclassicalartists their facesintoareversedtriangle For largegroups,tryputtingthe o rising up the picture By Richard Jones

09

Business students from Zaman from Zaman Business students FiberVisions sponsored Club Orange, IVL arranged a general shareholders

Indorama Ventures Lopburi launchedLopburi Ventures Indorama

a youth basketball team, for the National Basketball Association competition Travel at Myrtle Beach, South Carolina. factory factory visit (group 2) at Indorama Polyester Industries Pcl (Rayong). a Water Saving Campaign in order to support to in order Campaign Saving a Water and comply with local government policy aas Lopburi province has announced it was drought-affected area. A guideline for water saving was distributed to all employees, and promotional tools for the campaigns were also used in the factories to encourage employees to use less water. Ventures Ventures Head Office to study about business operations. University in Cambodia visited Indorama visited Indorama University in Cambodia

The representatives from “On Nuch Indorama Ventures employees at employees at Indorama Ventures

Bangkok headquarters participated in a a Bangkok headquarters participated in voluntary CSR activity, ‘Breast cancer: the two The of’. aware be should we danger sessions included a training class to educate staff about breast cancer, hosted by breast cancer nurse specialist from Chulalongkorn in activity voluntary a There was Hospital. for which participants made special bras patients recovering from breast cancer, hosted by volunteers from the Friends Helping Friends Foundation. 14 rai Community”, an impoverished area of Bangkok together with NiseCorp, which assists people with low income, visited our Cha School waste recycle bank at Krok Yai in Rayong. The visit was arranged in order to teach the representatives from the groups as plastic bottles stools from how to make they are interested to use waste to create value-added products.

Indorama volunteers ’s Ventures Indorama Ventures Head Office organized a training session on Social Impact

Mr. Richard Jones, representing Mr. Richard Jones, representing IVL Activities IVL Initiatives for its employees. Indorama Ventures PCL (IVL) attended the Indorama Ventures was event The contest. photography FCCT presided over by H.E. Kobkarn Wattanan- and Sports Tourism of vrangkul, the Minister of Thailand. The photography contest is organized by the Foreign Correspondents Club of Thailand (FCCT) annually. It is the premier foreign correspondent’s club in the region to give awards for the best photos of the year. As the largest sponsor of the competition, IVL’s special prize in the category ‘Environment’ was granted this year for the first time. make patient folders for children with cleft make patient folders for children with cleft awaiting are who palates cleft and lips corrective surgery. Indorama Ventures supports the Operation Smile Foundation for free are operations these because children. 10 major localcharityorganization. a Way, United the to USD 60,000 donated design utilizingrecycledmaterials. to encourageyoungdesigners tocreatea passion”. The aim of the competition is under the concept “Life is Play: Show your 2016 Competition Designers Young RECO projects attheDecatursite. utilized tostarttheirindividualLeanKaizen this two-daysessiontraining.Whichwillbe supervisors and floor leaders went through FiberVisions, Auriga,andAlphaPet.11 Purple BeltTraining incollaborationwith

Indorama Ventures kickedoffthe AlphaPet Decatur,ALarranged Auriga Polymers’ employees

business newspaper, on its 22 Krabuanrat, visitedKhaoHoon,aThai Mr. Richard Jones and Ms. Naweensuda products inShanghai. in ordertoeducatethemmoreaboutits Chinese architectsandinteriordesigners Day tomeetTrevira CSClubmembers, September 18. water pumps,clay,foodanddrinkson colleagues inordertodonatebagsofsand, floodaffected visited employees and Athensjoined theLeanSixSigmaGreen Belt traininginSeptember.

Representatives of TPT Petrochemicals Representatives of TPTPetrochemicals 15 people from Auriga in Spartanburg, AlphaPet in Decatur, FiberVisions in Covington 15 peoplefrom AurigainSpartanburg,AlphaPet inDecatur,FiberVisionsCovington Indorama Ventures representatives, Trevira organizedTrevira CSChina nd anniversary.

Roodvoets atAurigaPolymersinOctober. came toobserveR&DEngineerMark community atWatNoenKraprok,Rayong. for amobilehealthunit’sservicesthe new collectionstoUSfabricdealers. manufacturers fromEuropepresentedtheir Day in New York. In this event, fabric

Trevira arranged the Trevira CSJobber Connor Roodvoets, who is a student, Connor Roodvoets,whoisastudent, IVL’s subsidiaries in Rayong arranged IVL’s subsidiariesinRayongarranged

11 IVL Activities

Indorama Ventures donate 100,000 THB to the Prince Mahidol Foundation Ms. Naphassanan Phamutsirijirayu, Indorama Polyester Industries representing IVL, joined a CSR activity (Nakhon Pathom) sponsored long boat racing, hosted by Thai Beverage Industry a traditional Thai event, and released fish Association, at Baan Tha Whee School in a local river. Ms. Prapai Palakawong Na in , Thailand. Our Ayuttaya, HR senior manager and IVL company donated 70 bags for students. employees joined the opening ceremony, which Mr. Chatchai Uthaipan, provincial governer of Nakhon Pathom presided over.

Mr. Aaron Guillory and Chris Massaro The Sustainability & Corporate Governance Policy Awareness Campaign (CGPAC) from FiberVisions received an award from was conducted at IVI Tangerang Indonesia by Mr. Richard Jones and Mr. Harsha Reddy the Georgia Manufacturers Association for from Head office Bangkok. Team Operational Excellence. The award They conducted a session to educate employees about sustainability and CGPAC. was given in appreciation of the Lean Project team.

New district-chief officer of Tha-wung, Mr. Prachya Papatang together with local government heads, military and police officers visited IVL-Lopburi to inspect the pollution treatment system. 12 TPT Employees participated Team IVL’s employees Building Activities in from its headquarters and and . The aim was to subsidiaries joined an promote employee relation the, company activity, the 28th Standard image, teamwork and better internal com- Chartered Bangkok Marathon munication. 2015. Business Culture By Hataichanok Ngowroongrueng

in Europoort. Activities included a tour around the operating site, music and Thai food as well IVL supports the as demonstration by the fire brigade and a chemistry lab for kids. 400 local employees and relationship between their families joined the fair. IVL Bangkok headquarters also organized Thailand and the a trip to Baan Hollanda Information Centre in Ayuttaya. Baan Hollanda was a gift from Her Majesty Queen Beatrix to King Bhumibol for Netherlands the purpose of celebrating 400 years of friendly hailand and the Netherlands have had a cordial relationship for relations in 2004. A group of IVL’s employees visited over 400 years since the coming of “Hollanders” to Ayutthaya Baan Hollanda and learnt about the history at the beginning of 15th century. Today, the two countries between the two countries. Moreover, the still enjoy a close relationship. IVL with subsidiaries located information about Thai-Dutch relationship was around the world, including in the Netherlands. Always supports mutual published to educate our staff at head office. understanding.T IVL always promotes the relationship This year, Indorama Ventures Europe in Rotterdam as well as IVL’s and understanding between Thailand and the Bangkok headquarters, arranged an event to enhance bilateral relations. Netherlands. Not only the benefits in doing To celebrate IVL’s 25th anniversary, Indorama Ventures Europe in business, but also the importance at the level Rotterdam organized a Thai-Dutch fair on September 13, 2015 at the site of the individual and society over the long-term.

Children and their parents wrote their wishes on a piece of paper, rolled it in a preform and closed it with a closure on the art wall. 13

Thanyarat Baromwongpaisarn University Suan Sunandha Rajabhat Arts Fine and Applied Clothing Brand Owner Fashion Designer,

Why were you interested in joining RECO ? Why were you interested in joining RECO applied to a contest, that I’d like to gain new experience. I have never requires using recycled materials before. I found it challenging, so requires using recycled materials before. I applied. ? How did you know about the contest Facebook. I found information about the contest on contests whose Have you ever applied to any other designing concept was about conserving the environment or using environment or using concept was about conserving the recycled materials ? This is the first one. I have never applied for such a contest. ? What was the inspiration of your work I used rust as a The inspiration of my work is imperfection. metaphor. Most irons and doors look similar at first, then they start they then first, at similar look doors and irons Most metaphor. to decay and rust takes place to create uniqueness and differences.to decay and rust takes place to create uniqueness It is seeing the value of the imperfection like the concept of like the concept of It is seeing the value of the imperfection recycling where you turn waste into value. your work? Why did you What material did you use to create choose this material ? fabric. The decorationsThe main material was second hand polyester were knitting yarns and beads. I have personal liking for knitting were knitting yarns and beads. I have personal yarns for their exotic textures, which makes the work become moreyarns for their exotic textures, which makes interesting. Beads were waste, so I decorated them to make bulging textures on my work and resemble rust. What did you gain from the contest ? I have gained knowledge from the workshop and self-development. I think each contest is the opportunity to develop my skill. The prize I was given was the result of my hard work. Moreover, I learned more about polyester. Has your work gone through any further manufacturingprocesses for commercial production? Do you want to develop your work further ? I haven’t developed my work yet but I planned to change it a bit on the design and decorations, so it becomes more ready to wear. Have you ever worked on designing something after the contest ? I’m working as a freelance designer at the moment. How do you see your future ? design believe I can. I as experience much as gain to like I’d students dream to have their own brands and see them grow. But own brands and their dream to have students before I reach that stage, I have a lot to learn. Is there anything you’d like to pass on to the contestants next year ? contest design a is it because interesting very a is contest This for the environment, which is a current world trend. The contest is also challenging and offers knowledge from the judges and the experts on fashion and materials. You will find a new perspective new a find will You materials. and fashion on experts on designing and gain new knowledge, which can be used in the

RECO’s Winner Interview: Winner RECO’s Name: 23 Age: Institution: Faculty: Dream Career: Q: A:

Baromwongpaisarn Thanyarat Thanyarat

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future. Fashion Design Fashion 14 Product Design Jumnil Jakkapong A: Q: A: Q: A: Q: A: Q: friendships. A: Q: A: Q: A: Q: A: Q: A: Q: A: Q: Dream Career: Faculty: Institution: Age: 23 Name:

Their workshould beinterestingandtheywill succeed. different. and new something create and work their of uniqueness the find wants tojointhecontestshould trytheirbest,seektounderstandtheconcept, thing Ihavegainedwastheopportunity toshowmycreativity.Everyonewho I’d liketotellthemthattheprize isjustapartofthecontest.Theimportant Is thereanythingyou’dlike to passonthecontestantsnextyear? for developingmydesigns. to the new generation. Teacher is a career I like and I think it will the bestoutcomeofmyknowledgeandexperiencebyforwarding them be beneficial My likingfordesigningleadstomanydreams.However,I’d liketomake How doyouplanyourfuture? see someofmyworksinthisstylethefuture. techniques andthematerials.Iwouldliketocreatenewproducts. You probably I’m continuously improving my designing skills. I have learned about the Have youeverworkedondesigningsomethingafterthe contest ? people inthecommunityandwhoareintohandicraft. would be really good to develop it because it will help buildcareers for My intensionistodevelopthiswork,butI’mnotquiteready yet.Ithinkit commercial production?Doyouwanttodevelopyourwork further? Has yourworkgonethroughanyfurthermanufacturingprocessesfor to me.Igotexchangedesignideaswithothercompetitorsandbuild I havegainedalotfromthecontest.Thissuccessisdoorofopportunity What didyougainfromthecontest? while alsoretainstheuniquenessofThaiwisdom. the newproductwasborn.Itcanbeusedindailylifeanddeveloped easily nowadays.Oncethematerials,conceptandskillareintegrated, fibers, I chose plastic wire made from waste PET bottles, which can be found so Ichosetocombinepotterywith weaving skills.Instead of usingnatural wisdom Thai like I Personally, past. the in have we what out figure to tried The materialIchosecamefromthedesignconcept“BacktoFuture”. material ? this choose you did Why work? your create to use you did material What favorite Thaiwisdomskillwithdifferentmaterials. the Thaiaudience,soIturnedItintoinspirationofmywork.combined My maininspirationofeveryworkistheThaiwisdom.Ithinkitlikableamong What wastheinspirationofyourwork? my workbyturningdailylifeitemsintovalue. and recycledmaterials.Ilikethiskindofcompetitionsbecausegettodesign I have applied to design contest regarding environmental conservation was aboutconservingtheenvironmentorusingrecycled materials ? Have youeverappliedtoanyotherdesigningcontestswhoseconcept I heardthenewsfromfacultywhereI’mstudying. How didyouknowaboutthecontest? last yeartocreatenewworkforthisyear. thoughts throughmydesign,soIlearnedfromexperienceinthecompetition didn’t succeed. I think RECO is an opportunity to show my creativity and work in there. I participated my in see 2013 to and like made would it and 2011 to since the competition finalthe round.about However,heard have I I Why wereyouinterestedinjoiningRECO? Designer Science andTechnology Rajamangala UniversityofTechnology Krungthep Jakkapong Jumnil

15 HR Knowledge Sharing By Hataichanok Ngowroongrueng Developing organizational excellence by increasing efficiency and productivity Today, under highly competitive market process and productivity. Employees must international stage. conditions, every company must focus on analyze the causes of a problem and In 2015, two of IVL’s subsidiary customers’ demands and their services. develop themselves in order to reduce the companies, Indorama Polyester (Nakhon Aiming for improvements in efficiency loss of materials, production cost, work time Pathom) and Indorama Polyester Industries as well as customers’ satisfaction, the as well as to build up the quality standards of (Rayong), sent a representative team to implementation of organizational the company. Ultimately, the enhancement present a project on a group activity on development plays an important role for of work process and internal cooperation quality control. Both teams were awarded a company to create a superior value over at every level drives a company to meet a prize by the International Convention on its competitors. its mutual goals. Quality Control Circles or ICQCC; the event QCC or Quality Control Circles is Indorama Ventures has always was held this year in Gyeongnam, South a group activity on quality control. The promoted QCC activities. Annually, the Korea. Organized annually, the aim of ICQCC employees individually develop themselves company organizes training courses and is to promote QC activities, to explore new in the field they have responsibility for and internal competitions concerning on quality idea as well as to share the different aspects gradually the collective results lead to the control. A team which creates the best of knowledge and experience on QC of the improvement of the entire organization. project in a competition will have an international participants. This process holistically relates to quality opportunity to represent the company in control, including materials, production giving a presentation on their project on 16

“Polyteam”, the representative team from Indorama Polyester “7 Karat”, the representative team from Indorama Polyester (Nakhon Pathom) accepted the Silver Illumination for the QC activity Industries (Rayong) was granted a Gold Illumination prize for their on Ethylene Glycol refining from their Ester-2 column (improving project “Unevenness of Dyeing of a Staple Fiber Sample”. The EG quality from their Ester-2 column). The project can practically result of this project successfully reduced errors in the dyeing lessened the error from leakage of HTM by using electric heater. process, from 26 times in 15 months to only two times in two The result was the decrease of waste HTM oil from 10.72 tonnes months. This was the first time the team participated in an to 7.75 tonnes and the reduction of the cost of coal energy used international event. The achievement of the project was higher in the factory by approximately 2,490,347 baht per month or 29.8 than expected, reaching 86 percent when the predicted target million baht per year. was at 80 percent. 90 with high sustainability practices and the other 90 with low with 90 other the and practices sustainability high with 90 Business School on sustainability. They took 180 US-based companies, research undertakenbyHarvard BusinessSchoolandtheLondon look foropportunitiesandplan to faceemergingrisks. cut down extra fat in a company's operations, improve its efficiency, monitoring theperformanceof everyactivityonaregularbasis,to plan toavoidormitigatetheoccurrenceofsuchevent. always should One irrevocable. and significant be would damage of anoccurrenceeventthatwouldcausedamage. The uncertain. Thisuncertaintyisnothingbutrisk.Risktheprobability without exercisewemightstillliveawhilebutlong-termsurvival is live longer without any, or at least fewer, health complications. Even to and healthy remain to fitness; our maintain or improve it totheimportanceofexerciseindailylife limited resourcesdon’thavetolimitourvisionorambition. do morewithless,deliveroutputlessresource. However, In thischallengingandcompetitiveenvironmentcompanieshaveto Understanding Sustainability been inadifferentpositiontoday. opportunity withinachallengethenitundoubtedlywouldhave to digitalphotography.Hadthecompanyviewedthisasan a GameChanger Sustainability Aloke Lohia:GroupCEOIndoramaVentures PCL. Asst. VicePresidentSustainability Harsha VReddy REASONS. WINNERS WILLHAVE MEMORIES,LOSERSWILLHAVE Sustainability challenges asopportunitiesandovercomethem. consider difficulties, face strength, mental and commitment strong their with winners, that is difference only the But difficulties. or circumstances reasons forfailure”.Bothofthemsailthroughundermoreorlessthesame Sustainability worksandto substantiate thiswereferto Similarly, corporatesustainabilityisexercise, to simple, is reason The regularly? exercise we should Why To explaintheconceptofsustainabilitysimply,let’scompare Sustainability is all about improving efficiency in every activity. “Winners will have the memories of achievements and Losers will have Of company eventually went into bankruptcy as a consequence of its delayed transition The manufacturing. paper and film photo of business their ruin would it that assuming in 1975,butunfortunatelytheirmanagementdiscardedtheidea,considereditariskand camera digital the invent to first the fact in was company This industry. paper and film the invaded technology digital until industry the dominated that century 20th the of everything, includingchallenges,andfindarayofopportunity. about seeingopportunitieswhereothersonlyseechallenges.Itisimportanttoexamine another nameisaboutbeingefficient. generates growth, improves efficiency, controls costs and manages risk. Sustainability by effective, isaquestionthatmanypeopleask.Infact,ithasbeenprovensustainability Is this new activity called sustainability really important to corporate success, and is it Take company manufacturing paper photo and film photo leading the of case the is Sustainability opportunity? an or challenge a be sustainability corporate Will world's bestcompanies,includingIndoramaVentures. late, sustainability has placed itself on the agenda of board meetings in the

in thenextissueofTheBeacon. so thatefficiencybecomessecond naturetous. the importanceof,andbuild,sustainability intothecorporateDNA to reachitscentenary.To achieve this,itistimeforustorealize and everyoneintheorganization wishestoseethecompanygrow Indorama Ventures celebrated its first 25 years of existence this year and thenstartsustainableexercises;theydoitfromthebeginning. initiatives earlyintheirjourney.Companiesdon'tgettoahundred whose secret to success and survival is their adoption of sustainability long term,thusensuringthesustainabilityofcompany itself. creating valueforshareholdersandallotherstakeholdersover the becoming asourceofcompetitivedisadvantage.Itisthekey to by society.Failuretohaveacultureofsustainabilityisquickly and invaluableassetforcompanies,somethingdeededto them also preservedtheirsociallicensetooperate.Thisisaninvisible customers andlong-terminvestors.Overtime,thesecompanies this byattractingandretainingmorecommittedemployees,loyal on assets,accountingmeasuresetc.,overthelongterm.Theydid companies intermsofstockmarketreturns,returnonequity, low-sustainability outperformed performance financial their to issues as part of their strategy and business model in addition practices and integrated environmental, social and governance sustainability practices.Companiesthatadopted , The continuationtothisarticle onsustainability will come There areseveralcompaniesmorethanahundredyearsold By Harsha VReddy

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As a city with a rich Buddhist cultures, Yangon is a hometown of Nick Nick is a hometown of Yangon Celsius while the annual average rainfall is 2,681 millimeters. and musician and singer English an Drake, chairperson politician, a Kyi, Suu San Aug Democracy League for National the of of Nobel Peace (NLD) and the winner Prize in 1991. attractions in Yangon include famous include famous attractions in Yangon pagodas, such as Shwedagon Pagoda, Sule Pagoda and Botahtuang Pagoda. Other attractions are Aung San Suu War Cemetery, Kyi’s House, Taukkyan and Myanmar of Museum National the hosts often Yangon Park. Kandawgyi delightful festivals, including Thingyan Thandingyut Festival (Burmese New Year), Festival (the festival of lights) and Shwedagon Pagoda Festival.

Yangon of

Since independence, the city has is located in Lower Yangon became the capital of the Union of Burmathe capital of the Union of became in 1948 after the country regained its its in 1948 after the country regained independence from the British Empire. built government the as lot a expanded several satellite towns during 1950s – 1980s. Many indigenous groups left or during country the leave to forced were that period, followed by major anti- government protests and the revolution. In 2006, the government decided to designate Naypyidaw as the new capital is still of the country. However, Yangon the most important commercial center of Myanmar. River and Bago Myanmar by Yangon Gulf the from kilometers 30 is and River of Martaban. It has a tropical monsoon climate with half of the year spent on October to May from season rainy the and the other half from November to April on the dry season. The annual average temperature is 27 degrees

ndorama Ventures Public Public ndorama Ventures Company Limited established a new subsidiary company for the packaging business in Yangon, Yangon was originally founded as as founded originally was Yangon

I In the Vicinity In the Vicinity In production facility for PET preforms. production facility for PET preforms. is a former capital of Myanmar Yangon It has a region. and the capital of Yangon makes which millions, five of population it the largest city of the country. Dagon by the Mon during the early 11th in 1755 century. It was renamed Yangon by King Alaungpaya after he conquered the city. In 1852, the British seized the city and transformed it into the commercial and political hub. They also reconstructed the city bounded to the River and south and west by the Yangon made it the capital of British Burma. It Myanmar and held a ground breaking Myanmar and held a ground breaking ceremony on February 25, 2015. The company is named Indorama Ventures a Packaging (Myanmar) Limited and is 18 Thailand Industry Expo 2015 Thailand Industry with over200exhibitorsfrom23countries,fiveinternationalpavi packaging industry.ProPakistheinternationalprocessingandexhibitionforfood,drinkpharmaceuticalindustries rapidly expanding the soft drink and alcoholic beverage markets and PlasPakMyanmar 2015, which focuses on the plastics and the packaging markets. in Myanmar,thisexhibitioncouldbeconsideredaplatformwhichallowedIVLtointroduceitselfpotentialcustomerslocal ing productionofpreforms,closuresandbottles.WithregardtotherecentinstallationfacilityinThilawaSEZ Employee Engagement Technology totheIVLexhibitionbooth. and Dr.PichetDurongkaveroj,MinisterofScience welcoming Dr.AtchakaSibunruang,MinisterofIndustry IVL’s booth at the exhibition showcased the strength in the production of PET resins as well as in the downstream packag- In thepicture,IVLmanagementteamareseen company’s customersbutalsotointerestedvisitors. gained an opportunity to present its world class profile not only to the how tocreateproductsfromusedplasticbottles.Onthisoccasion,IVL facility. TheDIYcornerattractedpeoplewithactivitiesgivingideason provided knowledgeaboutPET,polyesterandtheprocessofrecycle PET productsofourbrands,FuTuRe-PET andOxyClear.Thebooth also story of fire retardant textiles were displayed alongside the innovative products madefrompolyesterusinginautomotivesectorandthe polyester. ThehighlightwasitsHighValueAddproducts;theend booth intheexhibitionzone. as oneoftheleadingcompaniesinThailand,wasinvitedtoorganizea the exhibitionandtradefairzonebusinessworkshopzone.IVL an area of 60,000 square meters, the event was divided into two zones: Impact Arena Muang at Thong Thailand Thani on Industry September 22 of – Ministry 27, 2015. the by arranged 2015 Expo Industry I Myanmar 2015 ProPak IVL’s exhibitionboothshowedinnovativeproductionofPETand Indorama Ventures PCL, Bangkok headquarters, joined Thailand lions fromChina,France,Singapore,Taiwan andThailand. 2015, which focuses on technology, machines and services for services and machines technology, on focuses which 2015, Event ParkinYangon. TheeventincorporatedDrinkTechMyanmar ProPak Myanmar, held from September 24 - 26, 2015, at Myanmar ndorama Ventures Packaging(Myanmar)Limitedparticipatedin By HataichanokNgowroongrueng Covering

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