Fabrinet (FN) Sees Production Halted at Thai Plant Through End of 2011
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Fabrinet (NYSE: FN) reports flood waters had infiltrated the offices and manufacturing floor space at its Chokchai campus in Pathum Thani, Thailand.
The manufacturing buildings at Chokchai, known as buildings 1 and 2, remain filled with water to a level of approximately 3.5 feet. Prior to the factory infiltration, the company took precautionary measures, where possible, to move or protect production and test equipment, inventory and tooling. The company has not yet been able to make a full assessment of the damage but believes it is unlikely that production would recommence at Chokchai for the remainder of the current quarter.
The flooding has not breached the company’s Pinehurst campus, located approximately 7 miles north of Chokchai. However, production at the Pinehurst campus buildings, known as buildings 3, 4 and 5, continues to be suspended due to the impacted local transportation and utilities that continue to affect both arterial and access roads to Fabrinet’s factories and some employee residences.
Conditions with the continued flooding are evolving quickly, and the final extent of its impact cannot yet be determined.
The manufacturing buildings at Chokchai, known as buildings 1 and 2, remain filled with water to a level of approximately 3.5 feet. Prior to the factory infiltration, the company took precautionary measures, where possible, to move or protect production and test equipment, inventory and tooling. The company has not yet been able to make a full assessment of the damage but believes it is unlikely that production would recommence at Chokchai for the remainder of the current quarter.
The flooding has not breached the company’s Pinehurst campus, located approximately 7 miles north of Chokchai. However, production at the Pinehurst campus buildings, known as buildings 3, 4 and 5, continues to be suspended due to the impacted local transportation and utilities that continue to affect both arterial and access roads to Fabrinet’s factories and some employee residences.
Conditions with the continued flooding are evolving quickly, and the final extent of its impact cannot yet be determined.
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