12 November 2013
Details
Indorama Ventures
would like to inform the moth-balling of its PET plant at
Indorama Polymers Workingston Ltd.
in the United Kingdom as part of
its business improvement plan and restructuring strategy of
its European businesses.
The moth-balling
* will be effective not later than 31 March 2014 and
* will not have any material effect on the company performance
* and the customers will be served from other manufacturing locations
in Europe with enhanced competitiveness.
The UK site may be operated again in two years' time
subject to market conditions.
All actions initiated by management
are in accordance with local laws and regulations.
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