Post ad
LOGIN

Lost password? | Login trouble?

+


Jerusalem Life

| Castro moves production out of China

Janglo News    
Tuesday, 11 February 11:12 AM
In its first announcement about its exposure to the coronavirus crisis in China, Israeli fashion retail group Castro Model Ltd. (TASE: CAST) announced today that it fears disruption to its supply chain and is shifting production to alternative suppliers. Castro said that the Chinese authorities had extended the local holiday season in China, which was scheduled to end yesterday, by a week. The company has also been told by a number of Chinese suppliers "who manufacture some of the group's products" that at the current time, "they are not resuming regular activity" due to "the lack of clarity in China about the spread of the coronavirus and the measures taken to reduce the exposure to it."

"Although the company does not expect its operations to be immediately affected, a prolonged shutdown of manufacturing activity in China or a failure to resume regular work and full production is liable to affect the company's activity in the medium and long term," Castro says.
         
FEATURED:

       PREMIUM BUSINESSES
Barak Exterminators
0523-763-879, 0525-689-573
All over Israel
10 reviews
THE ELECTRIC GUY - Licensed & Insured Electricians
077-ELECTRI(c) (077-353-2874)
27א Yehoshua Ben Nun



Download Janglo for Android or iPhone



Janglo

Jerusalem's Best Jobs
Tel Aviv's Best Jobs
Jerusalem's Best Events
Jerusalem's Best Apartments
Jerusalem's Best Sales
Free Stuff in Jerusalem
About Janglo
Email Subscriptions
Contact Us
Advertise
FAQ

Privacy Policy
Advertising Contract Terms and Conditions

In the land of Israel anyone who doesn't believe in miracles is not a realist.

Restorno - Furniture Restoration and Creation
02-6508777
Gush Eztion
1 review
Revital Events - Revitalize your event
054-546-5301
Ashdod
Spero & Co. - Hi-tech, Corporate, and Commercial Law
02-993-0666
TLV, Beit Shemesh
Make Your Book a Reality
052-748-0934
Ramat Gan
19 reviews
Haitz Systems
050-523-4844
Jerusalem
1 review
Claude Bauer- House painter
02-5354704
Jerusalem