Indorama Ventures Public Company Limited (IVL) has decided to permanently close its PET plant in Workington, UK. This decision will not have a significant impact on the company's revenue or profitability, as all customers are currently being served by IVL PET plants in Europe. The closure is in compliance with local laws and regulations.
President The Stock Exchange of Thailand
Subject: PET Plant in UK With reference to the disclosure to moth-ball its PET plant, Indorama Polymers Workington Ltd., UK, made on November 12th, 2013,
Indorama Ventures Public Company Limited (IVL) would like to inform that after due consideration and taking into account the business scenario, management has decided not to restart the plant and close it permanently.This action will not have any material effect on the Company’s performance in terms of revenue or profitability. All customers are currently being served by IVL PET plants in Europe.All actions initiated by management are in accordance with local laws and regulations.
Yours faithfully,
(Mr. Souvik Roy Chowdhury)
Company Secretary