Brief: IRC Ltd Updates On Operation Of K&S

IRC

30/11/2021 10:29

Nov 30 (Reuters) - IRC Ltd  1029.HK :
    * UPDATE ON OPERATION OF K&S
    * IN LATE NOVEMBER RUSSIAN RAILWAYS SUSPENDED ALL SHIPMENTS
TO
CHINA VIA THIS BORDER CROSSING POINT FOR 5 DAYS
    * UNDERSTANDS THAT SUSPENSION WAS DUE TO SNOWSTORM AFFECTING
ABILITY TO PROCESS SHIPMENTS AT SUIFENHE BORDER
    * DURING THIS PERIOD, K&S CONTINUED TO SHIP TO ITS CHINESE
CUSTOMERS VIA ZABAIKALSK-MANZHOULI BORDER CROSSING POINT
    * RAILWAY SERVICE TO SUIFENHE BORDER HAS RESUMED, AND CO
ANTICIPATES THAT SHIPMENTS WILL GRADUALLY RETURN TO NORMAL
    * ANTICIPATES THAT SHIPMENTS WILL GRADUALLY RETURN TO NORMAL
    * POSSIBLE THAT THIS SITUATION MAY RE-OCCUR OVER UPCOMING
WINTER
MONTHS
    * PRODUCTION CAPACITY ISSUES ARE EXPECTED TO IMPROVE WHEN
SUTARA
PIT BECOMES OPERATIONAL


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