Suntory Holdings will introduce the Flake-to-Preform Direct Recycling (FtoP) Technology for 100% recycled PET bottles in Thailand starting in 2028. Indovida (Thailand) Limited, a joint venture established in July 2026 by Indorama Ventures PCL and Iwatani Corporation, will produce PET preforms1 using the FtoP technology, with PET flakes mainly sourced from Indorama Ventures PCL. Indovida (Thailand) Limited is expected to have an annual production capacity of approximately 400 million PET preforms
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