Eng Teknologi Holdings Bhd, a Malaysian electronics-components maker, said flood waters receded at its Thai manufacturing facilities and cleaning work should be completed by next week.
Insurance assessors have indicated that machinery damage is widespread after being submerged under two meters of water since October, Eng said.
Insurance claims could take up to six months to complete and it may take until the third quarter of 2012 to fully normalize production, the company said. - Bloomberg
Insurance assessors have indicated that machinery damage is widespread after being submerged under two meters of water since October, Eng said.
Insurance claims could take up to six months to complete and it may take until the third quarter of 2012 to fully normalize production, the company said. - Bloomberg
