[ad_1]
TAIPEI, March 1 (Reuters) – Taiwanese Apple Inc (AAPL.O) provider Foxlink (2392.TW) mentioned on Wednesday it’s working laborious to renew manufacturing following a fireplace at a plant in southern India that halted operations on the maker of iPhone charging cables.
The manufacturing unit is positioned within the Chittoor district of India’s Andhra Pradesh state and is unlikely to resume full operations for 2 months, elevating provide chain issues for the U.S. tech big, Reuters reported this week.
Foxlink was engulfed in a large fireplace on Monday that led a part of the constructing to break down, however there have been no casualties.
Foxlink, in a press release to the Taiwan inventory trade, mentioned it’s investigating the reason for the fireplace and “working hard to resume production”.
In an earlier assertion late on Tuesday, the corporate mentioned that the location had been blocked off by the fireplace division and that 4 manufacturing traces have been identified to be broken.
Latest Updates
View 2 extra tales
As the plant, tools and stock are coated by insurance coverage, the fireplace has not but had a big influence on the corporate’s funds and enterprise, it added.
The firm will coordinate with prospects and suppliers to “discuss solutions for the production capacity affected before resuming work”.
It didn’t elaborate.
The firm’s inventory was down greater than 2% in early morning commerce Wednesday, in comparison with a 0.5% fall for the broader market (.TWII).
Reporting by Ben Blanchard and Yimou Lee; Editing by Shri Navaratnam and Christopher Cushing
Our Standards: The Thomson Reuters Trust Principles.
[adinserter block=”4″]
[ad_2]
Source link