I understand that when the extent of the difficulties facing the company began to emerge, the board and management of IFI considered a very wide range of options for the company which might provide a basis for establishing a viable business going forward, most of which would have entailed the Arklow plant remaining operational. While I was apprised of the company's efforts in this regard, it was not my role to seek plans for particular options, such as the feasibility of having a stand-alone operation at Arklow.
Unfortunately, despite the identification of a number of significant cost savings as part of the efforts made to save the company, it was not possible to establish a basis for a viable future for the company and the board decided that it had no option but to cease trading.