Statement Regarding Current Situation in China

RNS Number : 4764C

Volex PLC

10 February 2020

 

10 February 2020

Volex plc

("Volex")

Statement Regarding Current Situation in China

Volex, the global supplier of complex assemblies for performance critical applications and power products, today provides an update on the current situation in China.

As a result of the outbreak of Coronavirus in Wuhan, all major operations in China have been subject to an extended and mandatory closure over the Chinese New Year holiday period. The welfare of our employees continues to be the top priority for Volex. Over the past week we have been working closely with local government agencies in China to implement certain precautionary measures to allow our employees to return to a safe work environment.

Volex has 14 manufacturing plants across the globe, four of which are in China. Three facilities are located in Guangdong province, Southern China, approximately 1,000km from Wuhan and one facility is located in Jiang-Su province, Eastern China, approximately 600km from Wuhan.

As of today, one of our four sites in China has resumed operations at a reduced capacity. The other sites will follow once the necessary approvals are received from the Chinese authorities.

Enquiries

For further information please contact: 

Volex plc                                                                                                                             [phone]

Nat Rothschild, Executive Chairman

Daren Morris, Chief Financial Officer and Company Secretary

N+1 Singer - Nominated Adviser & Joint Broker                                                        [phone]

Shaun Dobson

Iqra Amin

Whitman Howard - Joint Broker                                                                                    [phone]

Hugh Rich

Nick Lovering

 

END

 

 

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