Brief: Suprajit Engineering Says Unless There Is Early Strike Resolution, Ops At Matamoros Plant Can Be Affected

Suprajit Engineering

20/09/2023 05:48

Sept 20 (Reuters) - Suprajit Engineering Ltd  SUPE.NS :
    * UAW STRIKE NOW ENTERED 5TH DAY WITH NO RESOLUTION IN SIGHT
    * UAW WARNED THAT IT WILL INTENSIFY STRIKE IF NO RESOLUTIONS
ARE
IN PLACE BY SEPTEMBER 22
    * MATAMOROS PLANT OF SUPRAJIT IN MEXICO SUPPLIES TO ALL 3
MAJORS
AND ALSO TO THEIR TIER 1/2 SUPPLIERS
    * GROUP OF CUSTOMERS FORM APPROXIMATELY 50% OF MATAMOROS
BUSINESS
    * UNLESS THERE IS EARLY RESOLUTION, OPERATIONS AT MATAMOROS
CAN BE
AFFECTED
    * MATAMOROS OPERATIONS CAN BE AFFECTED TO EXTENT OF
REDUCTION IN
VOLUMES BY THESE CUSTOMERS

Source text for Eikon:  ID:nBSE1BwFZg 
Further company coverage:  SUPE.NS 

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