Business Standard

Suprajit Engineering provides operations update

Image

Capital Market
Suprajit Engineering announced that in view of the directives issued by the Central and the State Government (the Governments), all the Indian plants likely to remain closed till 03 May 2020.

The company's subsidiary Wescon is operating our plants in Wichita, USA and Juarez, Mexico at about 50% capacity, to meet certain essential customers' requirements. European operations are mostly at stand still, as most OEMs are shut. Situation is expected to improve from 1st week of May 2020.

However the Company is ready to commence manufacturing activities and operations in all its Indian plants including its 100% EOU Units and SEZ units after 20 April 2020 subject to further directives of Government to meet the requirements /demand of domestic and overseas Customers. It is expected that EOU & SEZ units of the Company will start operations first.

 

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 16 2020 | 6:23 PM IST

Explore News