Brief: Wellington Drive Technologies Says Monitoring Impact Of 2019 Ncov On Supply Chain Ops

Aofrio

13/02/2020 24:35

Feb 13 (Reuters) - Wellington Drive Technologies Ltd
 WDT.NZ :
    * WELLINGTON DRIVE TECHNOLOGIES LTD - CLOSELY MONITORING
IMPACT OF
2019 NOVEL CORONAVIRUS (NCOV) ON ITS SUPPLY CHAIN OPERATIONS
    * WELLINGTON DRIVE TECHNOLOGIES- AS RESULT OF NCOV
EMERGENCY,
WELLINGTON IS EXPECTING AN IMPACT ON PRODUCT SUPPLY
    * WELLINGTON DRIVE TECHNOLOGIES- EAST WEST VIETNAM FACTORY
IS
OPEN; HOWEVER PRODUCTION WILL BE IMPACTED BY CHINA-SOURCED
COMPONENT SUPPLY SHORTAGES
    * WELLINGTON DRIVE TECH- INITIAL FORECASTS INDICATE
POTENTIAL RISK
TO REVENUE OF ABOUT NZ$6M FROM FEB TO APRIL
    * WELLINGTON DRIVE TECHNOLOGIES- NO IMPACT TO 2019 RESULT
FROM
NCOV RELATED ISSUES WITH REVENUE AND PROFITS EXPECTED TO BE
CONSISTENT WITH GUIDANCE
    * WELLINGTON DRIVE TECHNOLOGIES - AUTHORITIES INDICATED THAT
FACTORY PRODUCTION IN CHINA WILL RESTART TOWARDS END OF FEB INTO
MARCH
    * WELLINGTON DRIVE TECHNOLOGIES- CURRENTLY ASSUMING
RESUMPTION OF
NORMAL PRODUCTION AND SHIPPING AROUND END OF APRIL
    * WELLINGTON DRIVE TECH-IN PROCESS OF SWITCHING MORE
PRODUCTION TO
EAST WEST'S VIETNAMESE FACTORY TILL PRODUCTS RESUME SHIPMENT TO,
OUT OF CHINA
    * WELLINGTON DRIVE TECHNOLOGIES LTD - DOES NOT EXPECT THAT
ALL
DELAYED SUPPLY WILL BE PERISHABLE
    * WELLINGTON DRIVE TECHNOLOGIES- IMPLEMENTED TRAVEL
RESTRICTIONS
TO,IN MAINLAND CHINA, REDUCING INTERNATIONAL TRAVEL
    * WELLINGTON DRIVE TECHNOLOGIES- WORKING WITH ALTERNATE
SOURCES
FOR SOME COMPONENTS TO MITIGATE SOME OF SUPPLY RISK

Source text for Eikon:  ID:nNZSkC2a 
Further company coverage:  WDT.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))