Brief: Bremworth Announces Update On Impact Of Cyclone Gabrielle

Bremworth

03/04/2023 22:03

April 4 (Reuters) - Bremworth Ltd  BRW.NZ :
    * CONTINUING TO MAKE PROGRESS WITH ITS MITIGATION AND
BUSINESS
CONTINUITY PLANS FOLLOWING CYCLONE GABRIELLE
    * ORIGINAL INDICATIONS THAT NAPIER PLANT IS LIKELY TO BE
OFFLINE
FOR A YET TO BE DETERMINED, BUT SIGNIFICANT TIME REMAIN
UNCHANGED
    * FURTHER INSURANCE PAYMENTS ARE EXPECTED DEPENDING ON
OUTCOME OF
ONGOING ASSESSMENT OF DAMAGE
    * FINISHED GOODS INVENTORY POSITION REMAINS SATISFACTORY
ENABLING
TO TRADE DURING PERIOD
    * ALTERNATIVE SUPPLY ARRANGEMENTS ARE BEING PUT ,LIKE,
SUPPLY OF
YARNS FROM INDEPENDENT NEW ZEALAND YARN SPINNER, OTHERS
    * WHANGANUI YARN SPINNING AND AUCKLAND CARPET PLANTS CEASED
OPERATING FOR TIME BEING PENDING RESUMPTION OF SUPPLY OF DYED
FIBRE AND YARNS


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