With regard to the severe flooding that is occurring in Thailand, we would like to inform you about the information we have about its impact at this point on the situation of the Shin-Etsu Groups companies in Thailand.
A) Impact of floods on our personnel and facilities
At present, none of the personnel at the Shin-Etsu Groups companies in Thailand have suffered from any injuries due to the floods.
The situation of each of our Thai production bases is as follows:
(1) Shin-Etsu Magnetics (Thailand), Ltd.
(2) Shin-Etsu Silicones (Thailand), Ltd.
|Location:||Pathum Thani Province, Navanakorn Industrial Estate (Head Office/Plant)|
|Business:||Assembly and processing of VCMs (voice coil motors) for HDDs (hard disk drives).|
|As an affect of the flooding, water has begun to inundate the plant and presently operations at the plant have been suspended. We will inform you of any changes in the situation as they occur.|
Business: Production and sales of silicone products
Asia Silicones Monomer Ltd.
Business: Production and sales of silicone monomer
Both plants are located in Rayong Province, and at present, no direct flood-related damage has occurred.
B) Impact on the Groups business results
Although the duration of the operations stoppage at Shin-Etsu Magnetics (Thailand), Ltd. is uncertain at this point, because we have a back-up production system at our other Shin-Etsu Group production bases, such as in Malaysia, at this time the affect of Thailands floods on the business results of the entire Shin-Etsu Group is slight.