Staff at the long-established plant have been told that their last day will be March 27 and that the facility will close on March 31.
It is not clear whether the digital post-production operations can be salvaged. In Thailand there has been talk of a local investor acquiring some or all of the digital businesses. The sound mixing unit is understood to be profitable.
The Bangkok plant had previously been a beneficiary of consolidation in the conventional film business. In 2011 it was announced that competitor Deluxe would subcontract release-print manufacturing to Technicolor Thailand (while Technicolor subcontracted print manufacturing to Deluxe in North America.)
But the continuing decline in demand for photochemical processing and release print manufacturing has finally led to the closure.