Indorama Holdings B.V. currently owns 95.54% of the Company.  The balance belongs mainly to current and former Company employees.  Indorama Holdings B.V. is a wholly-owned subsidiary of Indorama Corporation Pte. Ltd., domiciled in Singapore (“IRC”).

IRC is the holding company of Indorama Group, one of Asia’s leading industrial conglomerates with wide interests in petrochemicals, fertilizers and related downstream businesses.  IRC is wholly-owned for the benefit of Mr. S.P. Lohia and his family. Indorama Group was established in 1975 in Indonesia. It is the largest West Africa’s producer of petrochemicals, including olefins, polyolefins, phosphoric acid, phosphate fertilizers, ammonia, and urea, and one of the world’s largest producers of synthetic disposable gloves.  Together with its associate, Indorama Ventures Public Company Limited, domiciled in Thailand, Indorama Group is the world’s largest producer of polyester and the leading producer of polyester feedstock (PX, PTA, and MEG) and man-made fibers. Its manufacturing activities are spread across 124 sites in 35 countries with a total sales volume of almost 21 million tons a year and annual sales value of over US$15 billion.

  The total project cost is estimated at US$45 million. The proposed IFC investment is a US$10 million A loan for IFC’s own account.                                                                                                   

 IKF is located in the city of Kokand in the Fergana Region in eastern Uzbekistan.                                                                                                   

 IFC has assessed the Company’s Corporate Governance policies and procedures and concludes that the corporate governance risks are low. The Company is a repeat global IFC client, with strong commitment to corporate governance practices.