Sri Trang Gloves’ production facilities in flood-hit areas in Thailand temporarily suspended
The dual-listed group says it is working to ensure that operations continue with minimal business impact
Sri Trang Gloves said on Tuesday (Nov 25) that its manufacturing facilities in flood-affected areas in Thailand’s southern trading hub Hat Yai have temporarily suspended production.
The mainboard-listed company said flooding in the Hat Yai district of the Songkhla province since Sunday has caused water to overflow into some operation areas as well as prevented employees from commuting to work.
However, its other facilities located outside of the flood-hit areas have continued to operate as per normal, said the company, which is listed on the Singapore Exchange and the Stock Exchange of Thailand.
“The company is closely monitoring and assessing the situation to ensure the highest level of safety (for) its business and the well-being of employees and surrounded communities,” said Sri Trang Gloves.
It said it has a business continuity plan for flood-related incidents and it is currently working to ensure that operations can continue with minimal business impact.
Severe flooding in southern Thailand from days of intense rain has affected 10 provinces in the country and eight states in neighbouring Malaysia, forcing thousands to evacuate and killing at least eight people.
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In particular, the Hat Yai district was hit with its heaviest rainfall in a single day in more than 300 years on Friday, according to Thailand’s irrigation department.
Authorities said the eight deaths in Thailand were due to electrocution and other flood-related accidents.
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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.
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