Indorama Cotton

completed

 The project is to finance the development of cotton farm clusters covering a total area of approximately 50,000 hectares in two regions of Uzbekistan and engaging with local farmers through contract farming, in approximately 22,000 hectares  (the “Project”) by FE “Indorama Agro” LLC (the “Company”), a wholly-owned subsidiary of Indorama Group (“Indorama” or the “Sponsor”). The Company will introduce to the country modern technologies of cotton production and supply the Sponsor’s local textile plant, FE “Indorama Kokand Textile” JSC, with a stable amount of machine picked cotton fibre for its raw materials.The Project will address some of the country’s systemic developmental challenges by eliminating the use of forced labor in Indorama’s local value chain and significantly increase production efficiency at Project farms, thus enhancing the sustainability of Uzbekistan’s cotton sector. The Project will also allow Indorama to strengthen its cotton supply chain in Uzbekistan through backward integration into cotton production, therefore addressing the risks of cotton availability, quality and supply chain reputational risk.