Valuetronics resumes production at flooded Guangdong plant
Singapore
VALUETRONICS Holdings has resumed production at a plant in Guangdong, China and will ramp up operations at the facility gradually, the electronics manufacturing services company announced on Friday during the midday trading break.
Flash flooding from Super Typhoon Mangkhut forced the company to announce on Sept 17 that it had suspended operations at the plant in Danshui Town in the city of Huizhou. All employees at the plant were safe, and the majority of production facilities at the factory were unaffected. But the flooding caused power outages that led to temporary work stoppages. Power supply has since been restored, Valuetronics said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Cordlife directors offer differing views on future oversight if board is rejigged
Tesla lays off more staff in software, service teams, Electrek reports
Robinhood Crypto gets Wells notice from US SEC
Morgan Stanley strategists see inflation as key for path of US stocks
US: Wall Street opens higher as rate-cut hopes linger
Tyson raises outlook as lower costs boost chicken segment