KUALA LUMPUR: Texchem Resources Bhd’s operation in Thailand is closed temporarily because its factory was flooded last Saturday. The plant in Ayutthaya manufactures thermoformed packaging products and precision injection moulded trays and parts.
It is held under Texchem-Pack (Thailand) Co Ltd, an indirect 70.48%-owned subsidiary of Texchem Resources.
In a statement to Bursa Malaysia yesterday, Texchem Resources said the temporary cessation of production will have an impact on the performance of the group. “However, the group is of the view that the impact ... is not expected to be severe,” it said.
To minimise disruption to the businesses of Texchem-Pack Thailand’s customers that are not severely affected by the flooding, it said arrangements have been made for other members of the group located in China and Malaysia to provide support and continue to supply to its customers.
Ingress Corp Bhd, meanwhile, also announced yesterday that its factory in Ayutthaya was inundated by flood waters last Friday. The factory mainly supplies components to Honda Thailand, whose factory in Ayutthaya was badly affected. The company’s two other Thai factories, located on Rayong’s Eastern Seaboard, remain in operation.
Ingress told Bursa that it had taken precautionary steps before the flooding, moving finished goods and work-in-progress stocks as well as raw materials to its Rayong plant.
This article appeared in The Edge Financial Daily, October 18, 2011.
It is held under Texchem-Pack (Thailand) Co Ltd, an indirect 70.48%-owned subsidiary of Texchem Resources.
In a statement to Bursa Malaysia yesterday, Texchem Resources said the temporary cessation of production will have an impact on the performance of the group. “However, the group is of the view that the impact ... is not expected to be severe,” it said.
To minimise disruption to the businesses of Texchem-Pack Thailand’s customers that are not severely affected by the flooding, it said arrangements have been made for other members of the group located in China and Malaysia to provide support and continue to supply to its customers.
Ingress Corp Bhd, meanwhile, also announced yesterday that its factory in Ayutthaya was inundated by flood waters last Friday. The factory mainly supplies components to Honda Thailand, whose factory in Ayutthaya was badly affected. The company’s two other Thai factories, located on Rayong’s Eastern Seaboard, remain in operation.
Ingress told Bursa that it had taken precautionary steps before the flooding, moving finished goods and work-in-progress stocks as well as raw materials to its Rayong plant.
This article appeared in The Edge Financial Daily, October 18, 2011.
