Update on Myanmar Earthquake; Highway Holdings Maintains Normal Operations with No Damage or Loss of Life
Highway Holdings (NASDAQ: HIHO) has confirmed its Myanmar operations continue normally following the March 28 earthquake near Mandalay. The company's factory and facilities in Yangon, located approximately 400 miles south of the earthquake's epicenter, sustained no damage and all employees remained unharmed.
CEO Roland Kohl highlighted that the company's factory was specifically constructed with a flexible metal structure designed to withstand earthquakes. The Myanmar operation, noted for its lower operating costs and quality workforce, continues to be described as a rewarding investment. The company has opted to provide direct financial assistance to employees with families in affected areas rather than making institutional donations.
Highway Holdings (NASDAQ: HIHO) ha confermato che le sue operazioni in Myanmar continuano normalmente dopo il terremoto del 28 marzo vicino a Mandalay. La fabbrica e le strutture dell'azienda a Yangon, situate a circa 400 miglia a sud dell'epicentro del terremoto, non hanno subito danni e tutti i dipendenti sono rimasti illesi.
Il CEO Roland Kohl ha sottolineato che la fabbrica dell'azienda è stata specificamente costruita con una struttura metallica flessibile progettata per resistere ai terremoti. L'operazione in Myanmar, nota per i suoi costi operativi più bassi e per la qualità della forza lavoro, continua a essere descritta come un investimento redditizio. L'azienda ha scelto di fornire assistenza finanziaria diretta ai dipendenti con famiglie nelle aree colpite piuttosto che fare donazioni istituzionali.
Highway Holdings (NASDAQ: HIHO) ha confirmado que sus operaciones en Myanmar continúan con normalidad tras el terremoto del 28 de marzo cerca de Mandalay. La fábrica y las instalaciones de la empresa en Yangon, ubicadas a aproximadamente 400 millas al sur del epicentro del terremoto, no sufrieron daños y todos los empleados permanecieron ilesos.
El CEO Roland Kohl destacó que la fábrica de la empresa fue construida específicamente con una estructura metálica flexible diseñada para soportar terremotos. La operación en Myanmar, conocida por sus costos operativos más bajos y su mano de obra de calidad, sigue siendo descrita como una inversión rentable. La empresa ha optado por proporcionar asistencia financiera directa a los empleados con familias en las áreas afectadas en lugar de hacer donaciones institucionales.
하이웨이 홀딩스 (NASDAQ: HIHO)는 만달레이 근처에서 발생한 3월 28일 지진 이후 미얀마 운영이 정상적으로 계속되고 있음을 확인했습니다. 지진의 진앙지에서 약 400마일 남쪽에 위치한 양곤의 공장과 시설은 피해를 입지 않았으며, 모든 직원이 무사했습니다.
CEO 롤란드 콜은 회사의 공장이 지진에 견딜 수 있도록 설계된 유연한 금속 구조로 특별히 건설되었다고 강조했습니다. 운영 비용이 낮고 품질 높은 인력으로 유명한 미얀마의 사업은 여전히 수익성 있는 투자로 평가받고 있습니다. 회사는 기관 기부를 하는 대신 피해 지역에 가족이 있는 직원들에게 직접 재정 지원을 제공하기로 결정했습니다.
Highway Holdings (NASDAQ: HIHO) a confirmé que ses opérations au Myanmar se poursuivent normalement suite au tremblement de terre du 28 mars près de Mandalay. L'usine et les installations de l'entreprise à Yangon, situées à environ 400 miles au sud de l'épicentre du tremblement de terre, n'ont subi aucun dommage et tous les employés sont restés indemnes.
Le PDG Roland Kohl a souligné que l'usine de l'entreprise a été spécifiquement construite avec une structure métallique flexible conçue pour résister aux tremblements de terre. L'opération au Myanmar, connue pour ses coûts d'exploitation plus bas et sa main-d'œuvre de qualité, continue d'être décrite comme un investissement rentable. L'entreprise a choisi de fournir une assistance financière directe aux employés ayant des familles dans les zones touchées plutôt que de faire des dons institutionnels.
Highway Holdings (NASDAQ: HIHO) hat bestätigt, dass die Operationen in Myanmar nach dem Erdbeben vom 28. März in der Nähe von Mandalay normal weiterlaufen. Die Fabrik und die Einrichtungen des Unternehmens in Yangon, die etwa 400 Meilen südlich des Epizentrums des Erdbebens liegen, wurden nicht beschädigt und alle Mitarbeiter blieben unverletzt.
CEO Roland Kohl hob hervor, dass die Fabrik des Unternehmens speziell mit einer flexiblen Metallstruktur gebaut wurde, die dafür ausgelegt ist, Erdbeben standzuhalten. Die Operation in Myanmar, bekannt für ihre niedrigeren Betriebskosten und die qualitativ hochwertige Arbeitskraft, wird weiterhin als lohnende Investition beschrieben. Das Unternehmen hat sich entschieden, den Mitarbeitern mit Familien in betroffenen Gebieten direkte finanzielle Unterstützung zu leisten, anstatt institutionelle Spenden zu machen.
- Factory's earthquake-resistant design proved effective in protecting assets
- Operations continue normally without disruption to production
- Lower operating costs in Myanmar contribute to positive business outlook
- None.
Roland Kohl, chairman, president and chief executive officer of Highway Holdings, commented, "We are very touched by the countless inquiries about our well-being and want to inform shareholders that our operation in
"Our Myanmar operation is very resilient and functional despite the earthquake. It was and is one of our very rewarding investments and we foresee a very good future in
About Highway Holdings Limited
Highway Holdings is an international manufacturer of a wide variety of quality parts and products for blue chip equipment manufacturers based primarily in Germany. Highway Holdings' administrative offices are located in
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements, which involve risks and uncertainties, including but not limited to economic, competitive, governmental, political and technological factors affecting the company's revenues, operations, markets, products and prices, and other factors discussed in the company's various filings with the Securities and Exchange Commission, including without limitation, the company's annual reports on Form 20-F.
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SOURCE Highway Holdings Limited
FAQ
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