Itaconix plc
("Itaconix" or the “Company”)
Production Resumes after Storm Damage
Itaconix (AIM: ITX) (OTCQB: ITXXF), a leading innovator in plant-based specialty polymers used as essential ingredients in everyday consumer products, is providing an update from the 4 November 2021 announcement regarding the temporary interruption in operations due to water damage
The Company was successful with interim measures to resume production in the middle of November, with permanent repairs scheduled to be completed in the coming weeks.
Itaconix has met and expects to continue to meet all customer orders. The Company is working closely with one large customer on minor delivery delays that will not impact the customer’s operating needs. Itaconix has filed a claim with the relevant insurers to cover the cost of the property damages and losses incurred.
For further information please contact:
Itaconix plc +1 603 775 4400
John R. Shaw / Laura Denner
Belvedere Communications +44 (0) 20 3687 2756
John West / Llew Angus
finnCap +44 (0) 20 7220 0500
Ed Frisby / Abigail Kelly / Milesh Hindocha (Corporate Finance)
Andrew Burdis / Sunila de Silva (ECM)
About Itaconix
Itaconix uses its proprietary plant-based polymer technology platform to produce and sell specialty ingredients that improve the safety, performance, and sustainability of consumer products. The Company's current ingredients are enabling and leading new generations of products in detergents, hygiene, and hair care. Itaconix's contributions to the global low carbon economy are recognized by the London Stock Exchange's Green Economy Mark.