Fabrinet (FN) Suspends Production at Two Thai Facilities Due to Floods
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Fabrinet (NYSE: FN), gave an update about the impact of recent flooding in Thailand on the company’s business.
Fabrinet today announced that production at its two Thailand manufacturing facilities, both located in Pathum Thani, Thailand, is currently suspended due to the logistics and infrastructure disruption resulting from severe flooding near the company’s production facilities. While the flood waters have not to date breached the company's production facilities in Thailand, the flooding has materially impacted local transportation and utilities and has affected both arterial and access roads connected to Fabrinet's factories and some employee residences. Therefore, the company has decided to suspend production temporarily.
Fabrinet today announced that production at its two Thailand manufacturing facilities, both located in Pathum Thani, Thailand, is currently suspended due to the logistics and infrastructure disruption resulting from severe flooding near the company’s production facilities. While the flood waters have not to date breached the company's production facilities in Thailand, the flooding has materially impacted local transportation and utilities and has affected both arterial and access roads connected to Fabrinet's factories and some employee residences. Therefore, the company has decided to suspend production temporarily.
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