Indorama Engages with the Prime Minister of Malaysia to Explore Continued Investment Opportunities
- Friday, July 11, 2025
On July 10, 2025, Indorama, the parent company of YTY, held a high-level engagement with the
Prime Minister of Malaysia
, YAB Dato’ Seri Anwar bin Ibrahim, at the Prime Minister’s Office in Putrajaya, to explore the potential for further strategic investments in Malaysia.
Leading the delegation was Mr. SP Lohia, Chairman of Indorama, who was accompanied by Mr. Vikram Hora, Chairman and CEO of YTY, as well as other senior members of both Indorama and YTY. The meeting was also attended by YB Senator Tengku Datuk Seri Utama Zafrul bin Tengku Abdul Aziz, Minister of Investment, Trade and Industry (MITI), along with other senior officials from MITI and the Malaysian Investment Development Authority (MIDA).
Indorama, which this year is celebrating its 50th anniversary, is a global manufacturer of essential materials to better lives. It focuses on five key verticals, including medical gloves, fertilizers, petrochemicals, fibers, and polymers. Indorama operates 178 manufacturing sites in 39 countries, employs 52,000 employees, and had an annual turnover in 2024 of US $22 billion.
Indorama has invested nearly RM 2 billion in Malaysia till date in the medical manufacturing sector, and maintains a leading presence in this industry through its investments in YTY, which is amongst the most advanced and innovative manufacturers in this sector. YTY, which has multiple manufacturing facilities in Malaysia, is known for its consistent quality, strong innovation capabilities, and leadership position in the areas of social compliance and sustainability.
A specific area of focus between the two sides was to review the possibility of setting up a large-scale, fully integrated, fertilizer manufacturing facility in support of national priorities such as Malaysia’s National Agrofood Policy (NAP 2.0), which focuses on establishing greater self-sufficiency in the area of food security. Such an investment would be evaluated based on the MADANI Economy framework established by the Prime Minister, and would align with investment objectives developed under the New Industrial Master Plan 2030 (NIMP 2030) as it relates to industrial diversification, technological advancement, and sustainable economic growth.
Indorama is, today, the world’s eighth largest fertilizer manufacturer, and has extensive experience setting up multiple greenfield fertilizer plants around the globe. A project of the type being discussed could entail investment of up to RM 6 billion, which would provide significant foreign direct investment into Malaysia. It would also result in notable long term benefits such as employment opportunities for Malaysians, enhancement of local agrarian ecosystems, and increased rural development.
Indorama and YTY are deeply grateful to have spent time with the Prime Minister of Malaysia and senior members of his team, and remain committed to building on our strong history of investment, innovation, and community development in Malaysia. We look forward to evaluating additional transformative projects in a collaborative manner with the Government of Malaysia that will deepen our roots and convey our confidence in Malaysia as a world-class destination for investment, manufacturing, and talent.
Mr. SP Lohia and Mr. Vikram Hora engaging with the Prime Minister and Minister Zafrul to evaluate further investment opportunities in Malaysia.
Mr. SP Lohia, Chairman of Indorama Group, providing a memento to the Prime Minister, as a gesture of respect and shared commitment.
