28.1 C
    Wednesday, September 27, 2023

      Foxlink Investigating Cause of Fire and Working to Resume Production at Indian Plant | Details Inside

      Apple supplier Foxlink said it is working hard to resume production following a fire at a plant in southern India that halted operations at the maker of iPhone charging cables. Taiwanese Apple supplier plant is located in the Chittoor district of Andhra Pradesh and is unlikely to resume full operations for two months, raising supply chain concerns for Apple, as per reported this week.

      Foxlink was got in a massive fire that led part of the building to collapse, but there were no casualties.

      Foxlink said it is investigating the cause of the fire and “working hard to resume production“.

      Earlier Taiwanese Apple supplier said that the site had block off by the fire department and that four production lines were known to be damage.

      As the plant, equipment and inventory are cover by insurance, the fire has not yet had a significant impact on the company’s finances and business, Foxlink said.

      Foxlink will coordinate with customers and suppliers to “discuss solutions for the production capacity affect before resuming work“.

      While Foxlink’s stock was down more than 2% in early morning trade, compare to a 0.5% fall for the broader market.

      A source with direct knowledge told that Foxlink’s factory was unlikely to resume full operations for two months after the fire incident, raising concerns of supply chain disruptions for the iPhone maker.

      As per source with direct knowledge said that Foxlink operates a total of 10 assembly lines in two separate facilities at the plant in Andhra, of which four were completely damage and unlikely to resume operations for two months.

      ALSO READ  What to do Remotely when your iPhone Lost or Misplaced?

      Related Articles


      Please enter your comment!
      Please enter your name here

      Stay Connected

      - Advertisement -

      Latest Articles