Itaconix resumes production following water damage

Polymer manufacturer Itaconix updated the market on the previously-announced temporary interruption to operations due to water damage on Tuesday.

The AIM-traded firm said it had been 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 said in its statement.

“The company is working closely with one large customer on minor delivery delays that will not impact the customer's operating needs.”

Itaconix said it had filed a claim with its relevant insurers to cover both property damage and operational costs as a result of the water damage.

At 1547 GMT, shares in Itaconix were up 34.01% at 5.76p.