Smart Solutions Holdings B.V.
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Publicatie datum
26 okt 2011 - 16:39
Statutaire naam
Smart Solutions Holdings B.V.
Titel
Update on High-Water Situation at SMARTRAC Production Facilities in Thailand
Bericht
Amsterdam, October 26, 2011 – SMARTRAC N.V., a leading developer, manufacturer, and supplier of RFID transponders, announced that the company from today’s perspective expects to be able to restart production in Thailand in the course of January 2012. Based on the current planning, the company furthermore assumes that total production capacity of the Group will also be re-established in the course of January 2012.
Until then, the company will make use of its global production network and relocate production capacity to other locations to serve customers.
Regarding the current situation in Thailand, the water level in the Hi-Tech Industrial Estate and the surroundings is still at a high level. The ground floors of the company’s five production facilities are still underwater up to approximately 2.5 meters. The production environment, equipment, and materials upstairs are still unaffected by the high-water.
Forward-looking statements
To the extent that this ad hoc release contains forward-looking statements, such statements are based on assumptions, planning, and forecasts at the time of publication of this ad hoc release. Forward-looking statements always involve uncertainties. Business and economic risks and developments, the conduct of competitors, political decisions, and other factors may cause the actual results to be materially different from the assumptions, planning, and forecasts at the time of publication of this ad hoc release. Therefore, SMARTRAC N.V. does not assume any responsibility relating to forward-looking statements contained in this ad hoc release. Furthermore, SMARTRAC N.V. does not assume any obligation to update the forward-looking statements contained in this ad hoc release.
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