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(Alliance News) - Strix Group PLC on Wednesday said it is closely monitoring the outbreak of coronavirus in China, the source of its products.
The stock was 7.83% higher in London at 184.53 pence a share in morning trade.
The Isle of Man-headquartered tea kettle controls manufacturer said its operations, located near Guangzhou, resumed on Monday last week following just a one week delay from the planned opening. Strix said it has experienced minimal impact to-date.
As of Wednesday, Strix said two-thirds of the workforce have returned to the facility, and whilst others have been hampered by travel disruption this remains sufficient to fulfil the customer commitments for February.
Thus, the company said it is now focussed on securing orders for March and April to minimise any disruption. Strix sadi it has seen some customers increase order sizes due to disruption elsewhere in their supply chain.
Looking ahead, the AIM-listed company said it will continue to work with local government departments to ensure that all precautionary measures are in place to provide a safe and healthy working environment.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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