Bangkok, Thailand, January 16, 2024 -- Indorama Ventures Public Company Limited, a global sustainable chemical company, represented by Mr. D K Agarwal, Deputy Group CEO and CFO, together with the Thai Amateur Weightlifting Association (TAWA), led by Mr. Prachaya Keeratinant, TAWA President, signed a sponsorship agreement to support TAWA's activities and competitions over a period of one year. As one of TAWA’s official sponsors, Indorama Ventures will support Thailand’s weightlifting community, create opportunities for youth in sports competitions at both local and international levels, and foster PET waste management and recycling cooperation between the private sector and sports industry.
At a glance
- Company
- Indorama Ventures Public Company Limited
- Announcement
- Partnership
- Location
- Bangkok, Thailand
Key figures
- Sponsorship term
- one year
- World Cup 2024 dates
- 31 March – 11 April 2024
People
- D K AgarwalDeputy Group CEO and CFO, Indorama Ventures
- Prachaya KeeratinantPresident, Thai Amateur Weightlifting Association
- Sanjay AhujaChief Strategy and Transformation Officer, Indorama Ventures
- Wisut DechsakulGeneral Secretary, Thai Amateur Weightlifting Association
Products and programs
As part of the partnership, Indorama Ventures will also contribute polo shirts crafted with Deja™ yarns made from recycled PET, to commemorate the International Weightlifting Federation World Cup 2024, to be hosted in Phuket from 31 March – 11 April 2024. The sustainable polo shirts represent both parties’ commitments towards promoting the circular economy and environmental stewardship. Furthermore, the collaboration will explore a joint corporate social responsibility (CSR) project to promote PET waste management and recycling by advocating for responsible practices within the weightlifting and sports communities.
The group posed from left to right
- Mr. Sanjay Ahuja, Chief Strategy and Transformation Officer, Indorama Ventures
- Mr. D K Agarwal, Deputy Group CEO and CFO, Indorama Ventures
- Mr. Prachaya Keeratinant, President of the Thai Amateur Weightlifting Association (TAWA)
- Gen. Wisut Dechsakul, General Secretary of the Thai Amateur Weightlifting Association (TAWA)
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Questions around this news
What does Indorama Ventures’ sponsorship of TAWA cover?
The one-year agreement supports the Thai Amateur Weightlifting Association’s activities and competitions. The release says the partnership is also intended to expand young people’s access to sports competitions at local and international levels and encourage cooperation on PET waste management and recycling between businesses and the sports sector.
When and where will the IWF World Cup 2024 take place?
The release says the International Weightlifting Federation World Cup 2024 is scheduled to be hosted in Phuket from March 31 to April 11, 2024. Indorama Ventures will contribute polo shirts made with yarn from recycled PET to mark the event.
What is recycled PET, and how can it be used in clothing?
PET is a plastic used in products such as beverage bottles and packaging. After collection and processing, recovered PET can be made into fibers or yarn for textiles, including clothing. This gives used plastic another application, though the environmental effects depend on factors such as collection, processing, and how the resulting items are used and disposed of.
What recycling initiative are Indorama Ventures and TAWA considering?
The release says the parties plan to explore a joint corporate social responsibility project focused on PET waste management and recycling. The proposed effort would encourage responsible practices in weightlifting and sports communities. No further project details or implementation timetable are provided in the announcement.
Earlier from Indorama Ventures Public Company Limited
- Indorama Ventures continues to be a member of the DJSI World and DJSI Emerging Markets
- Indorama Ventures showcases sustainability solutions at COP28
- Indorama Ventures continues partnership with BMA's Department of Education on the “Sustainable Plastic Waste Management” project for the second year
- Indorama Ventures shares its sustainability commitments with the Thai government at the Sustainability Expo 2023
- Indorama Ventures showcases sustainable solutions for a greener future at Sustainability Expo 2023
