Pursuant to the applicable provisions governing legal relationships, this letter provides formal notice of an event of force majeure at our Altamira plants in Mexico, preventing us from fulfilling our obligations.
On May 21, 2024 our production facilities in Altamira, Mexico, were severely impacted by the current situation in Tampico, Tamaulipas Mexico. Due to extreme temperatures and drought causing a scarcity of water, our water supply sources were depleted, our water supply sources were depleted, interrupting water supply to both industry and residents. This led to a Complete shutdown of the facility. This event was not foreseeable and is not under our control.
Given the effects of such an event, we will not be able to fulfill our obligations.
Presently, Orbia Polymer Solutions (Vestolit) is not able to give a clear forecast on the duration or mitigation of this event considering the extent and uncertainty of the factors involved. However, we will strive to keep you updated on our progress to return to normal operations.
We sincerely regret any inconvenience this causes your company and thank you for your cooperation and understanding of these extraordinary circumstances.
Please contact your sales representative in case of any doubt or any clarification you might need.
