Indorama Ventures Public Company Limited, a Thailand-based global sustainable chemical producer, has outlined its 2026-2028 business plan at its Annual Capital Markets Day, emphasising disciplined execution and operational excellence as the company builds on the reset achieved under IVL 2.0 according to an Asia Food Journal report.

Addressing analysts and investors in Bangkok, Group Chief Executive Officer Aloke Lohia stated that IVL 2.0 was guided by a VUCA framework (Vision, Understanding, Clarity and Agility) as management optimised the company's cost base, strengthened balance sheet flexibility and built a more resilient asset base.

Under the 2026-2028 business plan, management is adopting a complementary SOAR approach (Strengths, Opportunities, Aspirations and Results) to guide the next phase of value creation. Lohia explained the psychological orientation between the two frameworks.

"The difference between SOAR and VUCA lies in their psychological orientation. SOAR is a mindset of possibility and internal aspiration, whilst VUCA reflects preparedness and external awareness. We must adopt both, and the level of satisfaction will be equally rewarding," he said.

The 2026-2028 business plan centres on five enterprise priorities: structural cost leadership, commercial and manufacturing excellence, portfolio reorganisation, inventory optimisation and rigorous cash and capital management. These are supported by the continued scaling of the Global Capability Centre, a strengthened Sales & Operations Execution discipline and the integration of digital tools into daily operating processes.

Lohia emphasised that the roadmap does not rely on assumptions of a cyclical recovery. Self-help measures, including cost optimisation, inventory discipline and portfolio sharpening, will drive the targeted doubling of EBITDA by 2028.

Free cash flow is expected to strengthen materially over the next three years, supporting a deleveraging target of approximately 1.1 times net debt-to-equity.

Read the complete article on Indorama Ventures' business plan for full details.