2020-12-01

JVCKENWOOD issues warning related to fire at suppliers factory

Source: JVCKENWOOD
Curated by: Gert Jan Wolf - Editor-in Chief for The Critical Communications Review

Today  JVCKENWOOD Corporation, management communicated the impact on the company of a fire that occurred at a Supplier’s factory in late October.

Due to a delay of the procurement of some components effected by the fire occurred at a Supplier’s factory in late October, JVCKENWOOD expects to experience delays in some of their production in the Automotive Sector and the Public Service Sector of which the Communication Systems Business
Professional radio systems, amateur radio equipment, wireless system devices,  are part of.

In the statement on the website, JVCKENWOOD is somehow unclear about what comnponents are effected by the fire. While the details of impact are currently under investigation, the impact on the Company's financial results for the current fiscal year is expected to be minor, JVCKENWOOD states.