Indorama Ventures in Longlaville considers closing its Longlaville plant

Longlaville, March 2, 2026 – Following a thorough strategic review of its polyester tire cord yarn production in Longlaville, France, Indorama Ventures Mobility Longlaville S.A.S. informed its employees, their representatives, and its commercial partners of a plan for the complete and permanent cessation of its industrial activities. This project could lead to the closure of the site in the coming months and the elimination of 165 positions.

This decision is being considered in the context of intensified competitive pressure, particularly from Asia, which has undermined the site’s industrial business model. The situation is characterized by a significant contraction in volumes, a continuous deterioration of margins, and the inability to restore a path to competitiveness in France, given an environment dominated by structurally more competitive players.

In recent years, the company has implemented numerous initiatives to respond to declining demand and reduced profitability, including investments amounting to several tens of millions of euros, cost-optimization programs, and pricing adjustments. Despite these significant efforts, no sustainable improvement has been achieved. The plant’s utilization rate remains particularly low, and forecasts for 2026 indicate historically low volume levels.

In accordance with the French ‘Florange Law’, alongside the consultation process with employee representatives regarding the proposed cessation of activities and the Employment Protection Plan (Plan de Sauvegarde de l’Emploi), the company is also initiating a formal procedure to seek a potential buyer.

The company is fully aware of the uncertainty this project creates for its employees and the local community. It is committed to ensuring transparent and regular communication with all stakeholders throughout the entire process.

The Longlaville site is part of Indorama Ventures, headquartered in Bangkok (Thailand), one of the leading producers of high-tenacity yarns and technical textiles for the mobility industry. The Longlaville site was acquired in 2017.