Chemanex PLC Reports Impairment Results for the Fourth Quarter Ended March 31, 2021

Chemanex PLC is a Sri Lanka-based company that is engaged in the manufacturing and marketing value added specialty compounds and intermediates and acts as an agent and a distributor for the domestic market. The Company's businesses include estate chemicals, rubber, home and personal care, coatings, and packaging/food additives. Its estate chemical business is engaged in supplying chemicals for rubber estates. Its rubber business is engaged in supplying raw materials for dry rubber product manufacturing industries. The Company's coating business is engaged in supplying color pigments and additives for paint and ink industries. The Company's home and personal care business is involved in supplying additives to manufacture hair, skin and home care products. Its packaging/food additives business is engaged in supplying starches and related accessories for the corrugated industry and additives for food manufacturing. Its coatings and pigment product includes organic and inorganic pigments.