Valuetronics facility in China sees flooding from typhoon Mangkhut

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Valuetronics said late on Monday that torrential rain from typhoon Mangkhut, which struck Southern China on Sunday, caused flash flooding at one of its manufacturing facilities, in Danshui Town in Guangdong Province.

The typhoon had hurricane force winds of over 200 kilometers an hour, or around 124 miles an hour, and it struck the Philippines, Hong Kong, Macau and China, with at least 50 killed in the Philippines and at least four on mainland China, Reuters reported.

“All employees are safe from the hazards caused by the typhoon, and the majority of the production facilities at Danshui Plant are not affected. However, the flash flood has caused power outages and this has resulted in temporary work stoppages at the Danshui Plant,” Valuetronics said in a filing to SGX after the market close on Monday.

“The management is currently trying to assess the full impact of the flooding on its production lines at its Danshui Plant and plans to resume production expeditiously,” it added.

But it said it expected that once power and local traffic has returned to normal, production at the plant will resume substantially.

It said it has notified its insurance company.

Valuetronics’ main manufacturing facility at Western District of Science and Technology Park in Guangdong Province wasn’t affected by the typhoon and operations there were normal, it said.

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