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Varroc Engineering resumes operations at most plant locations

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Capital Market

Varroc Lighting Systems resumes operations at its Czech facilities

Varroc Engineering has received conditional permission from the concerned authorities to resume operations for its Plants located at Chakan, Pune (Maharashtra), Pantnagar (Uttarakhand) and Waluj, Aurangabad (Maharashtra). These Plants shall be resuming / some of them have resumed operations at a lower scale and would gradually ramp up to align with the off-take from customers.

Further, the Company's subsidiary Varroc Lighting Systems, has also started production at its Novi Jicin and Richvald Facility (Czech Republic), last week and the ramp up is likely to happen post major Customers resume the production at their facilities. Other major facilities in Mexico, Morocco and Poland are expected to start in the beginning of May, 2020.

 

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First Published: Apr 28 2020 | 7:52 PM IST

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