An Introduction to Investor Relations The Sustainability The Roadto A StepTowards Anti-corruption RECO’s Winner Vol.11 July-December 2014 Interview

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Executive Editor: Executive Jones Richard Mr. Editor: Krabuanrat Naweensuda Ms. Editors: Assistant Likanasudh Dolhatai Ms. Laovachirasuwan Sayumporn Ms. Somnaitham Junsayam Ms. Kasiwong Wannida Ms. Director: Art Prempanitnukul Sumeth Mr.

Queen Queen er Majesty Kitiyakara) Queen Sirikit is Mangkala a daughter of Nakkhatra His Highness Chao Prince (Mom Suranath Chandaburi and Mom Luang Bua Kitiyakara. Her Majesty was born on August August on born was Majesty Her Kitiyakara. Bua Luang Mom and Kittiyakara of Glory the meaning Sirikit, named was She 1932. 12, IVL Today IVL Activities Employee Engagement: ICT Excellence Employee Engagement: Award 2013 Her Majesty Royal Initiatives: of Biography Relations to Investor An Introduction Towards A Step Governance: Corporate Anti-corruption items making Green Corner: DIY Project: paper tubes bottles and plastic from waste with Winners Designer: Interview Young RECO Design DesignFrom Fashion & Product In the Vicinity of Cover Story: The Road to Sustainability Cover Story: The Road (2) Management Talent Sharing: HR Knowledge C O N T E N T S

H Her Majesty has supported and been working for several organizations, Her Majesty the Queen gave birth to one prince and three princesses: A quiet engagement ceremony for the royal couple was arranged on July July on arranged was couple royal the for ceremony engagement quiet A After a year, Prince Nakkhatra was transferred to be Ambassador to such as the Thai Red Cross Society, the National Council on Social Welfare, the founded also Majesty Her others. many and of Fund Wildlife the In officers. civilian and police soldiers, disabled help to Foundation Thai Jai Sai Government Thai the by declared was 12, August birthday, Majesty’s Her 1976, Mother’s Day. to become a national holiday and Thailand’s HRH Crown Prince Maha , Princess Ubolratana Rajakanya, HRH Princess Walailak. Princess Maha Chakri and HRH 19, 1949 at the Windsor Hotel, Lausanne and they were married on April 28, April on married were they and Lausanne Hotel, Windsor the at 1949 19, was Sirikit Rajawongse Mom day, that On . Palace, Srapathum at 1950 Her birthday, King’s the 1956, 5, December on Then, Sirikit. Queen to elevated the Regent of the King. Majesty was elevated her again to become . While serving in Paris, he had the opportunity to meet the King Bhumibol young Adulyadej. At the time, His Majesty the Later, King 1947. was in studying time in first the for Sirikit MR met King The Switzerland. Lausanne, and Lausanne in studies her continue to Sirikit MR asked Mother Princess the keep His Majesty company. The King and MR Sirikit got to meet each other more frequently. family, with the title Mom Rajawongse (MR), equivalent to the Honorable. MR Sirikit went to Rajini School in 1936. Then she went to St. Francis Xavier was she when England to moved She level. secondary until School Convent 13 years old as her father Prince Nakkhatra was appointed Thai Ambassador to the Court of St. James. Reference: to provide quarter every activities is published Beacon The and news company’s the about information sale. for Not stakeholders. all to Biography of Her Majesty Her Majesty of Biography

Our editorial plan includes moving towards electronic versions of versions electronic towards moving includes plan editorial Our HR is such an important arm of any company, we have added It is RECO time again, when we find talented designers who can This edition combines a lot of variety of information. We

Copyright © 2015 Indorama Ventures Public Company Limited. Company Public Ventures Indorama 2015 © Copyright Indorama Ventures Public Company Limited Company Public Ventures Indorama Floor 28th 2, Tower Ocean 75/102 (Wattana) 19 Sukhumvit Soi Thailand 10110, Bangkok 6661 661 +662 Telephone: 6664 661 +662 Fax: www.indoramaventures.com Website: [email protected] E-mail: Royal Initiatives Royal The Beacon in future. If you have any comments, please tell us if you if us tell please comments, any have you If future. in Beacon The continue or PDF a as Beacon the download to link a receive to prefer to receive a hard copy (and why). Email: [email protected] two articles, one on talent management about and article an another include also on we date, employee to up you bring To engagement. the vicinity of our latest acquisition at Adana in . produce fashions and products from recycled or reused , and polyester, reused or recycled from products and fashions produce make this issue to contains an interview how with the winners of on the 2013 Fashion article another have We categories. Design Product and products from recycled plastic yourself too. departments that are not familiar to those who have not worked in investor on article two-part a with off kicking before, companies listed relations. down We hope profitability to and interest efficiency you greater also to in our company sustainability the project, lead will which will we and governance corporate is sustainability to Related road. the have articles on this over future editions, commencing this time with our anti-corruption program.

are commencing a series where we discuss the work of people or Editor’s Note 02 needed to make an investment investment an make to needed facts the with investors provides that provide accurate and timely information to intention the has but shares sell to trying not is IR service, or product a of merits the convince to tries marketing where or company, the of impression the right information to always give a good story behindthenumbers. number crunching but rely on IR own for their the do usually They direction. and strategy in interested mostly but finance-oriented people naturally with are who deals IR reach. its in broader much is therefore and public general the with deals which ment, depart and PR the of that smaller than focused much is the thing, audience IR one For important. are differences the however marketing, or PR with IR confuse often People informed of the running of the business. organization, the whose of arm job marketing financial isthe is to keep investors short, for IR or Department, Relations publicly listed companies, the Investor been with private businesses. Unique to Relations An IntroductiontoInvestor Investor Relations T Whereas good PR seeks to provide with if your career has career your if with that few will be familiar at head office in Bangkok here is one department -

trait ofagoodIRofficer. times as well as good. Integrity is a key bad during information useful provide decision. IR must remain balanced and Finance, accounting, strategy and the and strategy accounting, Finance, and its industry sector in simple terms. company the of aspect every explain can who generalist the IR makes This them sufficiently toenlighten make educatedto decisions. business; the of workings mysterious the understand to people educating in is work the of complicated, like , a lot building uptrust. to essential are meetings face-to-face regular However, exhausting. are back meetings for two days before the flight an on day-long intense by followed airplane spent hours 10 that is truth the globally, cities famous to flying glamorous, life IR the find often will be consistent with the facts over time. to and investor an to vital information reveal to management top of support full the needs It time. over it trust to develop to time relationships with investors who come the requires It investment management. own its and community the on solely focuses In a company where the facts are company the in people Whereas department IR professional A

reputation. the role of IR in enhancing the company’s and why. investors attracting are which out; competitors sold or in bought have shareholders major which market; the report on the company’s reputation in directors will ask the IR advise now and then to of board the Usually, market. the can and and management on the mood of investors relationships building time spend will IR full-time A grow. to company the for or money bonds its subscribing to new shares that provide buying by perhaps money, company the lend occasion on but open investors the other in from market shares buy only not Investors money. investor’s access to is markets stock in list why companies reason The too. management he won’tinvest. business, the understand doesn’t he If company). a into dollars of millions putting is he if be to needs he (which everything on expert an him make doesn’t company dollar trillion a in is required. Just because a fund manager ability to explain are just some abilities In our next article, we will discuss top to important be can IR By Mr.Richard Jones

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Market demand and customer expectations are other Sustainability touches every aspect of business and has Other major benefitsof addressing sustainability are to Sustainability is now a key driver for innovation and The mega forces, such as climate change, resource depletion depletion resource change, climate as such forces, mega The Similar to brand value, companies that can prove to its In the next article, we will talk about how Indorama By incorporating sustainability as a business practice, Sustainability can bring direct benefits to a business and business a to benefits direct bring can Sustainability Coming next… important drivers for business to adopt moreand responsible sustainable practices. Customers are demanding high- quality products, partners moresustainable more and environmental-friendly practices environmental better materials, and suppliers. must be achieved. This has forced companies to consider their their consider to companies forced has This achieved. be must impact on the environment as well as manage and address risks effectively. sense Sustainability makes good business become a game-changer for business nowadays. Being more improvement. continuous and attention requires sustainable Therefore, it is important that companies must understand the benefits of implementing sustainable practices. attract the top talent and enhance retention. Generation Y is showing a preference to work for companies that have a reputation for environmental and social responsibility. sustainability, companies have the opportunity to innovate new solutions, processes themselves and unlock new potential for growth. and products to differentiate has opened huge business opportunities. By integrating and rising energy costs have led companies to explore fewer how performance with effectively and efficiently operational more done be can improving things By impact. less and resources and costs down drive to able are companies efficiencies, and gain competitive advantages. sustainability. stakeholders that it is a sustainable business tend to lower a building and earnings future securing risks, company’s their avoid can companies risks, than Other business. resilient more engaging by operate” to “license a gain and publicity negative with stakeholders and addressing sustainability issues. Ventures has commenced its journey along the road to companies will not only increase their brand value transparent but also more Becoming business. the for life long a ensure about what you do and how you manage performance increasing the level of trust and positive opinion about is your for differentiation. brand as well as providing an opportunity serves as an opportunity for business in many ways. serves as an opportunity for business

ti/ the endurance of systems systems of endurance the ti/ ɪ l ɪ b ˈ and processes) It’s a word that seems to mean different things to different people. A search on Google for sustainability, shows list of hundreds ustainability (n. /- (n. ustainability Safer and healthier work environments Social compliance Community development attraction and employee retention Talent Employee development Diversity and equality Good governance Recycling and waste reduction Reducing resources and logistic costs Energy savings Acquiring materials from reliable sources Operational efficiencies Innovation ….and much more • • • • • • • • • • • • •

Very Very often, we associate “sustainability” with concepts Therefore, this word covers almost everything we do in Sustainability can refer to It is important that sustainability concepts are able to

In addition to pressure from the public, companies face companies public, the from pressure to addition In pressure under companies putting also are Governments S

Cover Story Cover of definition of sustainability, such as being viablefuture, foracting the responsibly or simply ‘doing the right thing’. Inspirational – but vague. a seeking are companies many that read we The and fashionable word has become rather chain.” What do they mean? “sustainable supply of ‘environmentally friendly’, ‘CSRand ‘recycling’ ‘green’, warming’, ‘global footprint’, ‘carbon for the community’, ‘renewable energy’. minimize we The ensure to do meaning we everything means canSustainability be rather don’t simple.they that so us, around people or things on Sustainability impact our business. the damage and us haunt to back come is like a vaccine. lower We energy usage to lower costs – so we can be competitive - but also to avoid future impacts. Similarly for employee welfare, we have to develop human management Risk staff. valuable retain to able be to resources and business with interfere can that issues potential foresees them. effects a plan to prevent or deal with anyone. almost by negative as seen be may that company our environmentally socially, a in acting means sustainable Being everything we do. and economically responsible way in Why is it important? deliver visible results for companies that execute them.

Otherwise, it can be difficult to convince people to pursue it consistently.adopt to forced being are Businesses grown. has sustainability However, public a awarenesssustainable approach to business and conduct business in regarding ways that are more responsible practices. Society Environment, of areas the pressure from that investors. They are paying more recognize attention to and sustainability on consequences long-term have can (ESG) Governance and how know to want They performance. financial company’s a companies are addressing current global challenges such as climate change, natural resource scarcity, global population institutional Major inequality. economic and social and growth companies evaluate to sustainability using now are investors when making investment decisions. that standards mandating and legislation new introducing by The Road to Sustainability Road The 04 consumer necessitiessector. the to are sales of majority the since flows cash strong of record track a have businesses IVL times. 0.83 at stands it 2014 December a net debt to equity ratio of around 1.0 time in the long term. As on maintain to targets IVL prices. lower on capital working less use we benefit has been improvements to our cashthe flow fromquarter, operations as fourth the in write-downs inventory to leading falling belts and airbags. While we have seen the impact of crude in oil prices assets especially where they pertain multiple to health and has yarns, safety and industrial and suchautomotive into further as developing that tires, safety portfolio a are and space fibers hygiene the within operations complementary developing are We IVL-W2 warrantisexpectedtoraiseapproximatelyUS$497.6m. to raiseapproximatelyUS$541.6mincapitalforthecompany.The three years from the date of their respective issue. IVL-W1 is expectednamed IVL-W1 and IVL-W2, will have exercise dates of two years and the company continues its growth plans. The Plaza two series of warrants, the at meeting p.m. 2 at general Athenee 2014 Bangkok in6, order toAugust prepare on extraordinary for capital held needs an in shareholders the future of as following shareholders its the company’snetdebttoequityratiodown0.8:1. bringing years, five first the for equity company as in shown is and date maturity no with offered that one is bond perpetual stability which investors from reflects investors’ confidence in both IVL’s businessparticipation and its the financial robust market, capital attracted debt bond Thai transaction the in perpetual product the financial new Although a is total million. with 15,000 bonds THB perpetual of of amount issuance first its for transaction IVL Today In November, the company successfully completed the the completed successfully company the November, In The company issued free warrants in two series to to series two in warrants free issued company The started to bring in rewards. has (HVA)portfolio added Value- High The 2014. in billion 19.5 THB to over 2013, 30% grew EBITDA Core 2013. over 146% of of THB 5.1 billion, an earnings increase core where reported Ventures fiscal 2014 results Indorama 23,

On February February On

to makegoodreturnsthroughindustrycycles. is amarkoftheeffortthatcompanyhasmadetocontinue “best of the best”. The exceptionalthe of honor consists of and appearing revenue inannual or the cap list market in billion 3 US$ least at have that region the in companies 1,300 of pool of best the comprises 50 a from chosen companies, traded publicly biggest -Pacific’s Fab The 50). (Fab Fabulous companies Asia 50 the of one as Magazine Forbes by recognized different nationalorculturalbackgroundsatheadoffice. and the rights of others as well as how to work with rights people their from about learned employees New awareness. cultural to introduction an and CGPAC, or Campaign, Awareness Policy corporate businesses, our governance issues about and policies under our Corporate Governance information general with staff new provided Communications, Corporate and Relations Investor for President Vice Jones, Richard Mr. employees. new ASEAN, inEuropeandNorthAmerica. regional players. Customers are not only in but around its kind and has the advantages of lower input costs than many CP4, this plant is reputed to be the most efficientas into the worldreferred of Formerly year. this operations commenced and in Indonesia, PT. Indorama Polychem Indonesia, was completed the company’s business culture. remains at the top of the operational drive implementation and is embedded in that ensure to framework anti-corruption its improving been has and 2013 in CAC the declared join to intention initially its Ventures Indorama mechanisms. effective and policies of implementation the through corruption against Head Office HR Department arranged orientations for for orientations arranged Department HR Office Head The company’s new 300,000 tonnes per annum plant Indorama Ventures Public Company was once again again once was Company Public Ventures Indorama ranking of the world’s largest chemical producersfor2014 largest world’s the of ranking 50 Top Global C&EN’s in 47th commitment to fighting fighting to CAC commitment the their demonstrated by are have that certified Companies (CAC). Corruption Against Collective Action Coalition Sector Private Thailand's from certification received IVL has also been ranked IndoramaVentures

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M r . H a n s - B e r n d (4th from Trevira marketing and right)business anddevelopment the teamMs. iedAnke byVolen brökerfrom Left)(3rd held a meeting in Hatterscheim, Germany, to Lüchtefeld from PHP (4th from Krabuanrat Naweensuda Ms. left), HRH Princess Soamsawali presented the Certificate of Mr. Stephen Woods, Mr. Tom Zaiser and the management management the and Zaiser Tom Mr. Woods, Stephen Mr. TWE Group, one of the world leading nonwoven producers producers nonwoven leading world the of one Group, TWE discuss joint communication procedures. Excellence in the WNTD (World No Tobacco Day) Campaign to Ms. Ms. to Campaign Day) Tobacco No (World WNTD the in Excellence Polyester Indorama representing Ayudhaya, Na Palakawong Prapai Future at arranged was ceremony The Pathom. Nakhon Industries, Park Shopping Mall, Pathum Thani, Thailand. team of FiberVisions, together with Mr. Z Shimomura and the management team of JNC Corporation, at arranged Indorama a Ventures meetingHead Office in Bangkok toperformance discussof the the joint venture and discuss further business development. based in Germany, honored “Supplier Indoramaof the Award Year” for excellence in innovation. The Ventures with their award was presented by Mr. Jorg Ortmeirt, COO of TWE, and Mr. Hugo Christian, Global Purchasing Head of TWE, at Jakarta, Indonesia.

Mr. Dilip Kumar Limited, received The Top Top The received Limited, Corporate Governance Report Award from Mr. Sommai Phasee Top (left),The Minister. Finance Corporate Governance Report Awards was Agarwal (right), CEO – PET PET – CEO (right), Agarwal and Feedstock Business, representing Indorama Company Public Ventures Mr. Richard Jones (right), Vice President, representing Mrs. Suchitra Lohia (right), Director and Chairperson of IVL Today IVL the Sustainability Committee, representing Indorama Ventures Public Company Limited, received the CSR Recognition Award Piboonsawat Chaiwat Dr. from Star Rising of category the in 2014 (left) President of The Corporate Social Responsibility Institute. for competition the join that companies to given was award This corporate in performance outstanding deliver and time first the social responsibility. Indorama Ventures Public Company Limitedthe Outstanding Sustainability (IVL),Report Awards 2014. receivedThe event organized by This The Institution. Thaipat and Thai Commission Exchange and Listedaward Securities The Companiescompanies. listed from Association,nominations 64 were there The year aimed at recognizing best practice for corporate sustainability reporting and encourage impact. disclosure of their environmental and social companies to have transparent arranged by The Stock Exchange of Thailandbestowed (SET) uponand was companies with governance report. an outstanding corporate

06 September atBrussels,Belgium. at its booth, Trevira CS Square. The event was held during 9 – 11 Original Designs) International Trade Fair to offer joint presentations Indonesia (IPCI)(CP-4Project)atPurvakarta,Indonesia. Agarwal joined the opening ceremony of Indorama Kumar PolyDilip Mr. Chemicaland Si Kanit Mr. Srimongkol, Rathian Mr. Lohia, Directors of Bangkok Bank, along with Mr. Aloke Lohia, Mrs. Suchitra Thailand. The Federation of Thai Industries, at Dusit Thani Hotel, Bangkok, seminar was organized by Royal Thai Embassy in New Delhi and “Trade and Investment Opportunities for Thailand in India”. The on seminar the Ventures,in Indorama participated representing Mr. Kosit Panpiemras, the Chairman of the Board of Executive Mr. Ramesh Kumar Narsinghpura and Mr. Ashok Upadhaya, Trevira GmbH, Germany, participated in MoOD (Meet only Provincial Electricity Electricity Authority (PEA) in Lopburi. Provincial the to supplied Roof be will Power Solar this from produced Electricity plant. the at Roof Power for Solar the of up start the Ceremony Puja a Lopburi, Thailand, arranged Indorama Holdings,

of Industry,Thailand. Director-General of Department of Industrial Promotion, Ministry for theproject“ECOFORLIFE” fromMs.SiriratJitseree,Deputy recognition received Thailand, Rayong, Petrochem, Indorama Limited wonforthefourthconsecutiveyear(2011-2014). for the fifth consecutive year (2010-2014) and(2006-2014), Indorama Petrochem Indorama Polyesteryear consecutive ninth the for won Limited Holdings IndustriesIndorama (2005-2014) year PCL consecutive tenth (Nakhonthe for Pathom)2014 Welfare and won the won (Rayong) PCL Honorable Award for Excellent Establishment of Industries Labor Relations Polyester Indorama 2014. Industrial Establishment of Labour Relations and Welfare Award consecutive year(2011-2014). fourth the for award same the received (bottom) Petrochem Indorama (2010-2014). year Level, for the fifth consecutive and National Award, Health Environment Safety on Occupational Establishment Pathom (top) receiving the Outstanded Nakhon Industries

Four subsidiaries of IVL received National Outstanding National received IVL of subsidiaries Four Indorama Polyester Polyester Indorama TPT Petrochemicals, Indorama Polyester Industries and Industries Polyester Indorama Petrochemicals, TPT

Development, Ministry of of Labor, Thailand. Ministry Development, Skill of Department the from Development Skill Employee for Excellence of Certificate (Nakhon Pathom), received the Industries Polyester Indorama representing Ayudhaya, Na Ms. Prapai Palakawong

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Indorama Holdings Limited received a certificate Asia Pet (Thailand) received the Environmental Impact Mr. Sandeep P. Kamat , Senior Vice President & Site Head Site & President Vice Senior , Kamat P. Sandeep Mr. Assessment (EIA) Monitoring Award 2014 presented by the Ministry Ministry the by presented 2014 Award Monitoring (EIA) Assessment was award The Thailand. Environment and Resources Natural of given to organizations for having an excellent environmental impact assessment report and environmental management. (right), representing Indorama Petrochem, received the “Thailand “Thailand the received Petrochem, Indorama representing (right), Prayut General from Factory) (Outstanding 2014” Award Energy Ministry the by organized is award This Minister. Prime cha, Chan-o of Energy to honor those who have outstanding performance in energy conservation and renewable energy development in order to encourage businesses and factories in both public and development. such of importance the recognize to sectors private acknowledging compliance with the legal requirement to employ employ to requirement legal the with compliance acknowledging The Governor. Lopburi Jongjira, Thanakom Mr. from disabled the of occasion the mark to ceremony the during given was certificate by organized 2014, Disabilities with Persons of Day International Security Human and Development Social Provincial Lopburi the Office, Lopburi, Thailand.

Mr. Anivesh Tiwari, Vice President (Operations) of Asia Pet (Thailand) was recognized as an Excellent Asia Pet (Thailand) and Petform (Thailand), Lopburi, Mr. Santithep Saleengam, Senior Manager – Safety, Health Health Safety, – Manager Senior Saleengam, Santithep Mr. Workplace Workplace of “Health, Safety and Happiness”. The recognition of Public Health of Thailand. was given by the Ministry and Environment of Indorama Petrochem, received the award of of award the received Petrochem, Indorama of Environment and “Zero Accident Campaign 2014” from Mr. Jirasak Sugandhajati, Permanent Secretary of Ministry of Labor. received the “Good Corporate Governance Award 2013” Commerce from of Ministry Development, Business of Department the Jongjira, Thanakom Mr. by presented was award The Thailand. of the Governor of Lopburi Province, Thailand. IVL Today IVL Conservation and Restoration” from the Ministry of Industry, Thailand. Thailand. Industry, of “River for award Ministry an received (left), the Industries Polyester Indorama from Restoration” and Conservation

08 IVL Activities

Mrs. Suchitra Lohia represented Indorama Ventures at an MOU signing Indorama Polyester Industries (Nakorn ceremony between the company and Indorama Ventures arranged Pathom) organized a workshop teaching Operation Smile Thailand to provide for Shareholders Factory Visit Program how to weave plastic baskets for people monetary support for surgery on children with No.2/2014 at Indorama Polyester Industries, in the nearby community. This workshop cleft lips and cleft palates in the country. Rayong, Thailand. The visit aimed to help our aimed to help building careers for local shareholders understand more about PET people and to build a good relationship and polyester business. between local people and the company.

Indorama Ventures organized “Anti- Corruption Training” to educate employees on Sen Dai Kao Klai, the QCC the subject and to emphasize the company’s representative’s team from Indorama TPT Petrochemicals arranged the intention to fight against corruption. The Polyester Industries Nakorn Pathom, annual scholarship ceremony for 66 of its instructor was Ms. Junsayam Somnaitham, presented their project “Waste reduction in employees’ children. The scholarships were Deputy Manager (Corporate Governance). The POY-8” at the SGA Kaizen Competition Stream awarded by Mr. Sunil Fotedar, the president training was conducted at IVL’s Head Office, during International Conference on Quality of the company. Bangkok, Thailand. 2014 Kyoto. The event organized by Union of Japan Scientists and Engineers.

Asia Pet, Petform and Indorama Indorama , Asia Pet and Polymers organized an activity of releasing Indorama Petrochem welcomed a Petform participated in the parade of the delegation from the Applied Chemistry class, fish to celebrate the Queen’s birthday at Buddha Phra Sri Ariya Mettrai image and Tha Klong, Lopburi, Thailand. Department of Chemistry, Rangsit University, donated food to people attending the who visited its factory at Ban Chang, Rayong, ceremony at Lai Temple, in Lopburi, Thailand. Thailand. 09

TPT Petrochemicals arranged a football match between the company and people in the Muslim community followed by dinner. This football match aimed to build good relations and campaign against drugs. It was arranged at Khunton Stadium, Map Ta Phut, Rayong, Thailand. IVL Activities

Indorama Polyester Industries (Rayong) arranged training session “Leader Orion Global PET Lithuania organized Indorama Holdings, Lopburi, held a as a Coach” for supervisors to improve the traditional Summer Fest for employees training course for employees at its facilities. their potential and develop their and their families to play sports and games Nurses from Sing Buri Hospital taught them subordinates in the better way. together at Klaipeda, Lithuania. about five diseases prevalent in Thailand.

UAB Orion Global Pet supported 20,000 EUR for a local basketball club in Klaipeda, Lithuania, called BC Neptunas FiberVisions Athens, congratulated during 2014 – 2015 18 employees for having completed the Indorama Holdings organized a level of Yellow Belt in the Lean Six Sigma project called “Travel the World with Training Project with the aim of improving Indorama Ventures Year 3” at Wat Khlong the organization. Mao School, Lopburi. While Indorama Polyester Industries (Rayong) organized a project called “English Training with Indorama Ventures” for students in primary education at Map Ta Phut School, Rayong. The purpose of these two projects was to strengthen English communication skills of the students. PT. Indorama Ventures Indonesia gave a social donation on lebaran to the poor and elderly people in the Cihuni area. Indorama Holdings, Lopburi, Thailand, arranged for a Thai language course for expats, which aimed to improve Thai communication skills in daily life and business basis. The classes are held on every Tuesday from 4 to 5 PM at the company.

TPT Petrochemicals, Rayong, arranged a painting contest with the theme Eight representatives from of an “ECO Industrial Town” for students at Trevira in Guben participated in the 5.5 km 10 Map Ta Phut Municipality School, Rayong, Corporate Race in Cottbus. Thailand. Indorama Ventures Indorama Ventures PET Group participated at National Integration (Lopburi) helped to sculpt Phansa Candle dinner 2014.The purpose of the National for Buddhist Lent Day at Wat Tham Tako Integration Dinner is to understand each Buddha Sopa, Lopburi, Thailand. Bottles other better and learn more about the of drinking water were also donated to culture. people who joined the activity. The ValueofHighPotential by AonHewitt. study a to according years, three last the over (TSR) return shareholder total higher 9% nearly reported that companies been have There right. are they prove to results financial the have they and confidence investment in such periods. They do it with their continue to choose will companies economic downturn, the most highly-rated the during invest to hesitate most companies While growth. their to essential is talent that believe strongly at they because good are companies top the what is job right the into people right the put to Getting people. best their rewarding and retaining developing, identifying, on focus Talent Management(2) HR Knowledge Sharing (Indicators oflatercareerskills) (Growth anddevelopmentin s ocue b Ba Sat a Smart, Brad by concluded As to important it feel companies Many Growth Dimensions Career Dimensions (Consistent andstable) Foundational Dimensions other areas)

the statusquo,changemanagement orientation Cultural fit: Knowledge: Performance: Leadership: Motivation Learning: Personality: Cognitive:

Defining HighPotential potential candidatesincompanies. high or talented identifying when upon agreed are potential” practice “high of definitions best the Therefore, them. for potential” “high or “talent” be considered can what knows truly company the that necessary is it However, there. get to “top players” to motivate other employees or titles for their talent employees such as times thereturn. six to two bring potentials high players, expensive. But when compared to ordinary of hiring people with high potential can be co-author of the book Topgrading, the price to understand what cannot. Lots of people people can be considered high potential is Adaptability,learningorientation,opennesstofeedback Conceptualstrategicthinking,cognitiveabilities,dealingwithcomplexity Companies may have special names special have may Companies The first step to understanding what understanding to step first The : Drive, energy, career ambition, risk taking, achievement orientation, results results orientation, achievement taking, risk ambition, career energy, Drive, : Career-relevant valuesandnorms Technical/functional skillsand knowledge Interpersonalskills,sociability,dominance,emotionalstabil ity, resilience Leadership capabilities, managing and developing people, influencing, challenging Performance record,careerexperience

Hewitt, 2013 AON Talent, Critical Their Calibrate and Assess, Define, Organizations How Pool; following thefeatures: the by the specified career, foundation, and of growth dimensions along falls with keyindicatorsfortalentdiversity. identify their ideal high potential candidates an integrated model that will help companies recommend Potential”, of Indentifying Perils and Pearls “The article the of depending onthecompany’svalues. results based strong on their own experience and achieving of characteristics basic in smaller scale of time. It is also a person’s work of complexity and scales greater for responsible be to capability person’s a is potential specific, more be To future. the of evaluation an is potential past, the of evaluation an is performance While thing. same the not are development further and employee an of performance current Besides, potential. high with those always not are performers high most but time, the of performers high also are people potential High meanings. different have “high potential”, although these two words misuse the term “high performer” to refer to Ref: Building the Right High Potential High Right the Building Ref: In accordance with the model, potential writers Church, Allan and Silzer Rob

11 Corporate Governance

A Step Towards Anti-corruption orruption is a serious threat to everyone’s socail stability, Anti-corruption and Whistleblower policies from the beginning of economic development, and corporate governance. their employment through a corporate governance policy handbook It is of huge concern to governments and businesses and an orientation. To ensure that these two policies are well worldwide. When discussing corruption in the communicated to our employees, in July 2014, the company started workplace, many employees believe that it is unlikely to conducting anti-corruption training. The purpose is to provide involveC them in their day-to-day jobs, or is something mostly employees with straightforward communication regarding our engaged in at the top management level, which is perceived to firm’s zero tolerance of corruption, as well as to address practical be a high-risk area for corruption. However, it can take place at guidelines and specific forms of corrupt activities that may arise in all levels, but only if the issue is being ignored or even worse, the course of the company operations. The training was conducted being accepted as our way of life. The evidence of public both at the Head Office and Thai sites, and separately run in Thai ignorance about this critical issue and impractical management and English languages to accommodate all of our employees. in the work environment may possibly lead to organizational Over 300 employees have been covered by our training courses corruption. Nowadays, anti-corruption policies are being adopted and educational materials were distributed to participants during and integrated into the vast number of international and training. The program was considered successful as the post-class intergovernmental working groups such as the United Nations survey showed an increased understanding of the company’s anti- Global Compact (UNGC), the Organization for Economic Co-operation corruption and whistleblower policies compared with the pre-class and Development (OECD), the Transparency International for survey. As part of our continuous global campaign, anti-corruption example, to help tackle this dangerous issue and move society training video and brochure were disseminated to overseas units to towards sustainable growth. ensure that our policies are communicated, and the same standard Indorama Ventures embraces the values of being an anti- practice made available worldwide. corruption-driven organization, therefore this is one of our key These anti-corruption compliance programs have been commitments to foster the ethics needed to counter corruption developed under the Corporate Governance Policy Awareness in our culture. We also believe that by implementing an anti- Campaign (CGPAC), which aims to ensure the continuous practice corruption awareness program in the organization we may be able of the highest standards of governance and to reinforce that to mitigate the risks. everyone working at Indorama Ventures is aware of and understands For this reason, Indorama Ventures participated in the all corporate governance related policies. Thailand Private Sector Collective Action Coalition Against With our effort and outstanding commitment to anti-corruption Corruption (CAC) and undertook the CAC certification process, to practices, Indorama Ventures has received CAC Certification in which the company became a signatory in 2013, to demonstrate October 2014. It is a great achievement and reflects the excellent our firm commitment against corruption and bribery. In January anti-corruption awareness and enthusiasm of our company. We 2014, an anti-corruption policy was issued as part of the company’s will continue to maintain and develop our proactive standards to corporate governance policies, to ensure that the company and ensure that our commitment and practices are implemented in the its subsidiaries have the appropriate systems and procedures spirit that they were created. Fighting against corruption is part of to prevent bribery and corruption. Indorama Ventures further an integrated framework and management needs full cooperation. expanded our anti-corruption compliance and practices to To help implement our anti-corruption policy and promote cover risks of corruption through the adoption of anti-corruption Indorama Ventures to be an anti- corruption-driven organization, we

12 procedures and a guideline. need all employees to undertake to be responsible for its success As part of the continuation of our anti-corruption compliance and to individually uphold ethics-related policies and encourage program, Indorama Ventures employees shall be informed about an everyone else to do the same. 13

for theparticipants. the activities and snack boxes and materials were prepared used in most DIY classes. Many students and teachers joined material key the was which PET, about students educated also volunteers The boxes). stationery and posts scratching pencil sharpeners, stools) and waste factory paper tubes (cat valuable items from waste plastic bottles (plastic coin purses, Thailand, Rayong, volunteered totakecareofstudentsduringtheactivities. Industries, Polyester Indorama and Petrochem Indorama Petrochemicals, TPT from Employees purpose to transform industrial areas by the Industrial Estate intoAuthority of Thailand (IEAT) with the “Eco Industrial Towns”. project was also a part of the “Eco for Life” contest, organized communities. nearby of status financial the improve and waste factory from items valuable make to was project this of purpose main The school. the at Bank Recycle the of development and papertubes bottles waste plastic itemsmaking from DIY Project: Green Corner I Activities of this project included teaching how to make DIY this Bank, Recycle the of development a Besides at Wat Krok Yai Cha School, Rayong, Thailand, as a as Thailand, Rayong, School, YaiCha Krok Wat at 2014 May 29-30 on arranged was class The tubes. project: DIY a paper and bottles plastic waste from items making introduced we Corner, Green n

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Mr. Anuchit Buatim (J) 22 Suan Sunandha Rajabhat University Fine and Applied Arts Fashion Critic

Why were you interested in RECO and joined the contest for the second time ? Why were you interested in RECO and of raw materials creatively. to improve the re-use contest and I wanted I wanted to be a part of this eco-friendly What’s the inspiration of your work ? blend and architecture on work my reflect to idea the me gave nature of part a become already has technology that fact The natural and synthetic materials, using the work of Piet Mondrian as my inspiration. natural and synthetic materials, using the What materials did you use to create your work ? Why did you choose this material ? And what techniques did you use to create your work ? I used felting technique because it creates a cement-like texture on fabrics. The materials I chose were polyester fiber from and modern society. the combination of nature fabric, representing an old pillow and polyester-cotton blended What did you gain from the contest ? as experiences. should consider our mistakes is to continuously improve ourselves. We be a good designer To your develop to want you Do ? production commercial for process manufacturing further through gone work your Has work further ? future. the in work other my to design eco-friendly of concept the apply may I but yet, work my developed or sold haven’t I ? Have you ever worked on designing something after the contest I’m currently working as a freelance fashion designer while studying. How do you plan your future ? This is a difficult question because things never worked out as I planned. I stopped making plans lately and I’ll justdo my best for today to create opportunities for the future. Is there anything you’d like to pass on to the contestants next year ? possibility in term of commerce. Good fashion designing consists of creativity, modernity and

RECO’s Winner Interview: Fashion Design & Product Design Product & Design Fashion Interview: Winner RECO’s

Age: Institution: Faculty: Dream Career: Q: A: Q: A: Anuchit Buatim Anuchit Name: Q: A: Q: A: Q: A: Q: A: Q: A: Q: A:

16 Yossawadee Prawatporn A: Q: A: Q: A: Q: A: Q: A: Q: A: Q: A: Q: A: Q: A: Q: A: Q: A: Q: Dream Career: Faculty: Institution: Age: Name: I wantthem tocreate the workthatthey loveandcommunicate t heir ideas logically. Is thereanything you’dliketopasson the contestantsnextyear? I ratherfocuson doingmybesttodaybecause thepresentisthefoundationof thefuture. How doyouplan yourfuture? on based is concept whose company design a environmentalLimited, Kid conservation,Kid at ownedintern byan TopI’m Pipatnow ApirakthanakornRight designing. on (a famousworking Thaistill actorI’m who has been a RECO judge in the past). Have youeverworkedondesigning somethingafterthecontest ? business. I’d like to develop my work, but I think I’ll have to wait because at this moment I didn’t know much about marketing or doing your workfurther? Has your work gone through any further manufacturing processes for commercial production? Do you want to develop leads ustonewideasandfurtherdevelopment. I had a chance to exchange some ideas with other contestants and the judges. Exchanging ideas helps broaden our vision and What didyougainfromthecontest? disposable. Ialsochoseanothermaterial,corrugatedpaper, to useinmyworkas well. light-weight and resistant to shock. They have a shorter lifetime compared to other materials because they are produced I to be wanted bears to reduce the amount of waste PET wasted. many so bottlesfound I which of polar bottles PET is used material main The bytoo. work own their create can everyone so turningsteps, them into a valuable the design. The characteristics on of simple with them design and house every in easily PETfound be can that materials waste from work a create to is concept bottlesThe are effect What materialdidyouusetocreateyourwork?Whychoosethis direct a down, and to createactivitiestheycanjoininandlearnhowhelpconservetheenvironment. melt has expressive caps work ice my the make Building a to when Warming behavior of conserving So the design environment should my commence caps. with teaching in children and ice the Global bears best way Why didyouchoosetodesignyourworkastoysforkids? the to teach polar them is on used stay I to Therefore, need understandable andtoremindpeopletheimportanceofglobalwarmingcampaign. frequently. homeless. and become time bears the very polar all the swim campaign to cannot symbol a they Warming” as used sight. because are first bears” at “polar easily that very “Global fact recognized the be from can came on and work cute my are for They inspiration bears. real polar the for However, liking personal my from was it first At What wastheinspirationofyourwork? No, Ihaveneverappliedtosuchcontestsbefore. recycled materials? Have you ever applied to any other designing contests whose concept was about conserving the environment or using I founditontheinternet. How didyouknowaboutthecontest? interesting. very was uses material regarding conditions the and contests other from different was contest the of concept the Because Why wereyouinterestedinjoiningRECO? Inspiration Creator(becauseinspirationlieswithineverycareerpath) Industrial Education King Mongkut’sInstituteofTechnology Ladkrabang 21 Yossawadee Prawatporn(Ae)

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Adana also has its own archaeological own its has also Adana Adana is a hometown of the Sabanci as (Central Park), Atatürk Park Botanical Arboretum Demirel Süleyman and and museum ethnographical and museum has its own football clubs, and . It has hosted several Family of the Sabanci Business Group, a Atli Ismet Erdemir, Ali call scientist famous famous many and medalist gold Olympic an politicians. and sportsmen actors/actresses, Garden. They are well maintained due to the warm climate and are open all year long. international Championship tournaments,Volleyball suchEuropean as Women’s the 1967 and the Men’s European Wheelchair the also is It 2009. Championship Basketball home of the annual International Adana Golden Boll Film Festival, one of Turkey’s top film festivals.

Vicinityof Adana Adana is 30 kilometers from the include spots tourist attractive Adana’s influence. The area was used as a prison during the era of Pompey and, AD,by 395became a partEmpire. It was ofonce ruined badly in the1268 Byzantineby an earthquake, but was rebuilt again and became one of the most important commercial centers with the construction of large bridges and roads. Cukurova crossing When Sea. Mediterranean region westwards, the road leads to the foothills of the Taurus Mountains. It has a typical Mediterranean climate with wet winters and dry summers. metropolis during Rome’s period of a beautiful landmark, bridgeTaşköprü and thestone lovely neighborhood Tepebağ (meaning: of garden on the hill). It also has many beautiful mosques, such as Sabanci Central Mosque, Ulu Camii and Camii and many beautiful parks, such Yeni

VL has recentlyArtenius acquiredTurkPET in Adana,Turkey. This country is a fast- growing market for polyester I Numerous sources said that the name the that said sources Numerous The history of Adana is related to

In the Vicinity In Inthe that helps the company respond to high polyester demand in Europe and the . Adana is a province located in with the 2.1 south of Turkey million people. It is a major industrial Cukurova the of center commercial and fertile, and flat mostly is land whose region most the of one be to considered globally agriculturally active areas of the world. Adana was given in 1600 BC by ancientAnatolian people called the Hittites while many others believed that it came from the legendary character Danaus in Greek mentioned also was name The mythology. have to legend Greco-Roman ancient an in its origin in Adanus and Sarus, two sons of the primal Greek God who built Adana and was found in an older legend under the name Adad, the Thunder God whose name was given to the regionbrought rain to. that he the history of Tarsus, another province of Turkey. changed have They names their and River both are next over centuries. Adana toused to be an area the of minor importance while Tarsus was a 18 change and riskproject management; in proving thatexcellence it achieving mission; supportive and and vision business corporate the towards aligned being as such committee, ICT TMA the by challenging regulated criteria to the of had all pass and project Excellent qualify the with implementation, organization Dashboard Projectwasthebest. 2.0 System) Information (Management MIS developed recently IVL’s that ensure to sites globally.IVL IVL all decided tofor accept the decisions invitation management and processes business internal for factor key a excellence make to applied system, IVL knowing the importance of a back-office IVL to join the Excellence Award Challenge. Communications invited Thailand, and in institutes Technology) (Information Award 2013 Award ICT Excellence Employee Engagement In order to be recognized as an an as recognized be to order In I well-known business and ICT ICT and business three well-known the of one the Management Association), 2013, (Thailand of TMA middle the n By Mr.ShivKumarSrivastava VicePresident ofCorporate InformationTechnology

reporting and management decision making of “CoreProcessImprovement”. category the in proposed was project the thus decisions, better make them help to information to the business teams in order 2.0 Dashboard Project is to MIS provide needed the of objective The 2012. March in project started in June 2011 and went live been developing it for nine months as the have We production. and marketing sales, processes’ key performance indicators like which provides a view at a glance of business to had acquire the highest score in each criterion. candidates project the Award, Excellence ICT an win To improvements. continuous, incremental and breakthrough targets duringitsimplementation;showing corporate optimal meeting achievement; each overall good a with reasonably evaluated of path be can and success career achieved employee; the designs or promotes skill improvements and envisions The MIS 2.0 Dashboard is an on-line an is Dashboard 2.0 MIS The software is Dashboard 2.0 MIS The

with the PMO (Program Management Office). the target duration of one year in within globally sites all at implementation cooperation implementation of just a single unit, but an an not is it that is project the of strength and challenge significant A criteria. all of Dashboard Project met all the requirements 2.0 MIS our that committee the assure to assets andmaintenance. fixed Receivable), (Accounts AR Payable), (Accounts AP sales, purchase, production, modules of GL (General Ledger), inventory, business process solution. It has integrated end-to-end an with system ERP the into (Standards Based Management System)SBMS was integrated The data. needed all of availability and integration robust for improved be must ERP the Dashboard, generates 2.0 MIS the by required system data transactional ERP the As system. a site’s ERP (Enterprise Resources Planning) system, based on automatic data flow from Our corporate IT team has worked hard

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