The plant in Tangxia, China, opened today after the extended New Year's holiday caused by the Corona virus. During the first week, the plant will have about 50% capacity and the plan is that the production will be in full swing by the end of February.
NOTE has taken the necessary steps to prepare the plant for start-up and to prevent the spread of the virus. This has been done in consultation with local authorities, who have given their approval for the start-up. In order to catch up with the backlog that has arisen due to the extended holiday, the staff will work overtime. A close dialogue is held with key suppliers to avoid interruptions in deliveries as much as possible.
Prior to the Chinese New Year, NOTE is constantly working to raise the inventory level for critical components, as there are always certain disturbances associated with this. This means that NOTE's preparedness for this year's disruptions is reasonably good.
For more information, please contact:
Johannes Lind-Widestam, CEO and President, tel. +46 (0)70 541 7222
Henrik Nygren, CFO, tel. +46 (0)70 977 0686
NOTE is one of northern Europe’s leading EMS partners, producing PCBAs, subassemblies and box build products. NOTE’s offering covers the complete product lifecycle, from design to after-sales. NOTE has a presence in Sweden, Finland, the UK, Estonia and China. Net sales in the last 12 months were SEK 1,760 million; the group has approximately 1,092 employees. NOTE is listed on Nasdaq Stockholm. For more information, please go to www.note.eu.
The information was submitted for publication at 10:30 a.m. CET on 10 February 2020.
Press Release in HTML format