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Trio-Tech Resumes Operations at Tianjin City Facility
Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Trio-Tech International (NYSE MKT: TRT) has resumed full operations at its Tianjin, China facility following the lifting of lockdown measures by the Tianjin City Government on January 20, 2022. By January 21, 2022, the facility was operating at 100% capacity and is working to increase production output to address backlog. CEO S.W. Yong emphasized the company's commitment to health and safety protocols during the resumption. Trio-Tech is dedicated to cooperating with local authorities to ensure ongoing COVID-19 compliant operations.
Positive
Resumed full operations at Tianjin facility, achieving 100% capacity by January 21, 2022.
Actively working to increase production output to fulfill backlog.
Negative
None.
VAN NUYS, Calif.--(BUSINESS WIRE)--
Trio-Tech International (NYSE MKT: TRT) today announced that it has resumed full operations at the Company’s Tianjin, China, facility.
S.W. Yong, Trio-Tech’s CEO, said, “On Thursday, January 20, the Tianjin City Government removed the lockdown measures and we commenced resuming operations at our facility. By Friday, January 21, 2022, our Tianjin operations achieved 100% operating capacity. We are actively working on our production output to catch up with backlog.”
“Trio-Tech Tianjin was in full cooperation with the lockdown mandate imposed by the Tianjin City Government and we are resuming operations cautiously with stringent health and safety measures as required by the local government mandate. Throughout the lockdown, our primary concern has been the safety of our employees, customers, suppliers and the Tianjin community as a whole. We expect to continue working closely with local authorities to achieve safe, long-term, COVID-19 compliant operations consistent with the needs of the Tianjin City authorities,” added Mr. Yong.
About Trio-Tech
Established in 1958, Trio-Tech International is located in Van Nuys, California, with its Principal Executive Office and regional headquarter in Singapore. Trio-Tech International is a diversified business group with interests in semiconductor testing services, manufacturing and distribution of semiconductor testing equipment, and real estate. Our subsidiary locations include Tianjin, Suzhou, Chongqing in China, as well as Kuala Lumpur Malaysia and Bangkok Thailand. Further information about Trio-Tech's semiconductor products and services can be obtained from the Company's Web site at www.triotech.com and www.universalfareast.com.
What recent updates did Trio-Tech International (TRT) announce regarding operations?
Trio-Tech International announced the resumption of full operations at its Tianjin, China facility after lockdown measures were lifted on January 20, 2022.
When did Trio-Tech resume 100% operations at its Tianjin facility?
Trio-Tech resumed 100% operations at its Tianjin facility on January 21, 2022.
What measures is Trio-Tech taking during the resumption of operations?
Trio-Tech is implementing stringent health and safety measures as mandated by local government authorities during the resumption of operations.
