Indorama stock: Indorama chooses SOREMA for PET plant. Krungsri targets Indorama stock at THB 28.00
Published on 10/23/2026 at 06:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSOperating recovery and new capacity
- SOREMA selected Indorama Ventures for a Lagos recycling plant on October 19, 2026.
- Second-quarter revenue rose 15.08 percent year over year to THB 136.65 billion.
- Indorama stock last stood at EUR 0.68 on October 22, 2026 in Frankfurt.
- Krungsri kept a Buy view and a THB 28.00 target on October 7, 2026.
Indorama Ventures Public Company Limited (ISIN TH1027010012) selected SOREMA for a food-grade PET recycling plant in Lagos, Nigeria, a project that gives the chemicals group a fresh operating focus. RecyclingInside reported the selection on October 19, 2026.
Nigeria project adds recycling capacity
The planned facility is intended to produce food-grade recycled PET flakes and is being developed with Nigerian Breweries and Genesis Energy. The project extends Indorama Ventures' recycling strategy into Nigeria while keeping execution and demand for recycled materials at the center of the investment case.
The supplier said the plant is expected to become Nigeria's largest PET recycling facility. The report did not attach a project value, so the operating significance rests on the added capacity rather than a disclosed revenue contribution.
What does Q2 recovery mean for margins?
Indorama Ventures' second-quarter 2026 revenue reached THB 136.65 billion, up 15.08 percent from THB 118.75 billion a year earlier. Net income excluding extra items rose to THB 5.73 billion from a loss of THB 749.14 million in the second quarter of 2025, while net margin moved to 4.20 percent from 0.60 percent, according to Simply Wall St.
That comparison matters because the company remains exposed to PET overcapacity, regulation and volatile input costs. The latest result shows a sharper profit recovery, but the Lagos project still has to translate investment into stable volumes and cash generation.
Three milestones shape the case
On August 11, 2026, Indorama Ventures reported second-quarter revenue of THB 136.65 billion. On October 7, 2026, Krungsri kept its Buy view and a THB 28.00 target, as summarized by Simply Wall St. On October 19, 2026, SOREMA announced its selection by Indorama Ventures for the Lagos plant.
Dates for the next update
SOREMA's application window for related innovation work closes on October 26, 2026, while the next earnings date is listed as November 13, 2026. The latter date is identified in the Simply Wall St company summary.
Frankfurt quote remains dated
Indorama's Frankfurt-listed security had a last quoted price of EUR 0.68 on October 22, 2026 at 11:04 p.m. CEST. Its market capitalization was EUR 4.2 billion on October 22, 2026, and the 52-week range was EUR 0.37 to EUR 0.74.
The further course of trading is shown by the continuously updated real-time quote of Indorama stock.
Indorama stock facts
- Company: Indorama Ventures Public Company Limited
- ISIN: TH1027010012
- Ticker: I93
- Primary exchange: Frankfurt Stock Exchange
- Price Frankfurt Stock Exchange: EUR 0.68 (as of October 22, 2026, 11:04 p.m. CEST)
- Market capitalization: EUR 4.2 billion (as of October 22, 2026)
- 52-week range: EUR 0.37-EUR 0.74 (as of October 22, 2026)
- Sector / Industry: Basic Materials / Chemicals
Market context: Latest market reports.
