Indorama VenturesRegulatory · 2026-03-02 00:00

Indorama Ventures announced the permanent shutdown of one Purified Terephthalic Acid (PTA) plant in Rayong, Thailand, effective March 2, 2026.

Indorama Ventures Public Company Limited has announced the permanent cessation of operations for one of its Purified Terephthalic Acid (PTA) plants located in Map Ta Phut, Rayong, effective March 2, 2026.

This strategic decision is part of the company's portfolio optimization to enhance earnings quality, cash flow flexibility, and long-term competitiveness, following a review of the changing industry structure.

Fast Facts

·Company: Indorama Ventures Public Company Limited
·Subsidiary: TPT Petrochemicals Public Company Limited
·Asset type: Purified Terephthalic Acid (PTA) plant
·Location: Map Ta Phut Industrial Estate, Rayong Province, Thailand
·Effective date of shutdown: March 2, 2026
·Reason: Strategic portfolio review and industry structural changes
·Employee support: In accordance with labor laws and company policy
·Financial impact: Asset impairment recorded in 2022 financial statements

Petrochemicals

Source

Indorama Ventures announced the permanent shutdown of one Purified Terephthalic Acid (PTA) plant in Rayong, Thailand, effective March 2, 2026.