Recently, according to Hong Kong and Taiwan media reports: The Covid-19 epidemic has impacted all countries. In addition to India being the hardest hit area, Taiwanese factories have announced suspensions of operations. Now even Taiwanese factories in Cambodia have been affected.
On May 3, the major shoe manufacturer Yuqi-KY announced that in compliance with Cambodian government policies, although the company’s Cambodian shoe factory is not within the scope of the official blockade, it is still taking preventive measures. Operations will be suspended for 13 days from May 4 to May 16, which is expected to affect 5~10% of the group’s total output value in May.
Yuqi recently released a major message saying:
In response to the development of the epidemic, the Cambodian government will start from April 15 to May 5 Control measures were implemented during the period, covering the cities of Phnom Penh and Dajin Ou. However, the company’s Cambodian factory (Qiding Factory) maintained normal operations because it was not within the official blockade area announced in April (April production schedule achievement rate Nearly 100%). However, taking care of the health of all employees is the top priority in operations, so it has been decided to adopt a “precautionary suspension of operations” from May 4 to May 16. The group will continue to closely monitor the subsequent development and Flexible production scheduling.
Yu Qi said that the Cambodian factory currently accounts for about 20% of the group’s total output value. As long as other subjective and objective conditions remain unchanged, it is estimated that it will affect approximately 5% to 10% of the total output value. The total output value of the group in May. However, under the business strategy of accepting orders from multiple brands, manufacturing bases in multiple countries, and customized production, this incident will not have a significant impact on orders, production capacity, finance, and business throughout the year.
According to the Cambodian Ministry of Health’s report on the 5th, the country reported 672 new confirmed cases of new coronary pneumonia that day, and 228 new cases were cured and discharged. Under the severe epidemic situation, many provincial governments have decided to further tighten control measures to prevent the further spread of the epidemic. </p
