A loke Lohia is an Indian-born Thai billionaire and the founder and Group CEO of Indorama Ventures Public Company Limited (IVL), a world-leading producer of petrochemicals. Born in Kolkata, India, into a business family, Lohia moved to Thailand in the late 1980s to start his own venture. He founded Indorama Ventures in 1994, initially as a small wool yarn producer.
Lohia demonstrated a remarkable talent for identifying opportunities in the petrochemicals supply chain. He vertically integrated his business and embarked on an aggressive global acquisition strategy, buying up PET (a type of polyester used in plastic bottles) and other chemical plants around the world. This strategy transformed IVL from a small Thai company into a global chemical giant and one of the world's largest producers of PET resin. He is known for his skill in acquiring and turning around underperforming assets, which has been the key driver of his company's explosive growth.
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