Aug 02, 2021 05:44 PM (GMT+8) · EqualOcean
Blum Oriental disclosed the indicative announcement that the production capacity of its Vietnamese subsidiary was affected by the epidemic in Vietnam. Up to now, Blum Vietnam has a production capacity of 1 million spindles, accounting for about 60% of the company's total production capacity. According to preliminary calculation, during the current round of 14 day social distance maintenance measures in Vietnam and the implementation of the "three in place" policy of Vietnam Blum, the production capacity of Vietnam Blum will be reduced to about 32%. It is expected that the annual output of Vietnam Blum will decrease by 2% every 14 days affected. At present, the company's orders in hand are not affected.