THE WHAT? Indorama Ventures Group CEO, Aloke Lohia has revealed that the company will not be pursuing further mergers and acquisitions, instead, it will focus on reducing its debt, prioritising a strong balance sheet and healthy cash flow over rapid growth.
THE DETAILS The Thai petrochemicals supplier plans to reduce interest-bearing debt by US$2.5 billion, which is approximately 40 percent of the total, according to a report published by Nikkei Asia.
It is also mulling the closure of six facilities in Europe and the US, and reducing its workforce, slashing operational costs.
THE WHY? Indorama Ventures Group faces stiff competition from inexpensive Chinese chemicals, Nikkei Asia explains and cited rising interest rates as its motivation to reduce debt.
Clinical aesthetics products refer to a category of products used in the field of medical aesthetics or cosmetic dermatology. These products are typically designed and formulated to be used under the supervision of healthcare professionals, such as dermatologists, plastic surgeons, or trained aestheticians. They are distinct from over-the-counter cosmetics in that they often contain active ingredients or formulations that require expertise in their application or administration.
Examples of clinical aesthetics products include:
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Dermal Fillers: Injectable substances used to add volume, smooth wrinkles, and enhance facial contours. Examples include hyaluronic acid fillers like Juvederm and Restylane.
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Botulinum Toxin (Botox): Injectables that temporarily paralyze facial muscles to reduce the appearance of wrinkles caused by repetitive movements, such as frown lines and crow's feet.
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Chemical Peels: Solutions applied to the skin to exfoliate and improve its texture. They can treat acne, pigmentation issues, and signs of aging.
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Laser and Light Therapies: Devices that emit focused light or laser energy to treat various skin conditions, including acne, scars, and signs of aging.
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Prescription Skincare Products: Formulations containing active ingredients like retinoids (vitamin A derivatives), hydroquinone, or prescription-strength antioxidants to address specific skin concerns under medical supervision.
