UPDATE 1-Spanish plant owned by Denso, Fujitsu preparing to halt production as virus causes shortages [Reuters]
DENSO CORP UNSP/ADR (DNZOY)
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Source: Reuters
Spanish plant owned by Denso, Fujitsu preparing to halt production as virus causes shortages MADRID (Reuters) - A Spanish plant owned by Denso Corp and Fujitsu Ltd is prepared to halt some production of auto electronics components if necessary because of a shortage of parts from China due to the coronavirus outbreak. The factory in Malaga expects to suspend its first production line - which assembles car audio components - from March 16, factory managing director Blanca Hermana told Reuters on Wednesday. “We’re working so we don’t have to stop, and that’s what we’re hoping for. But we have taken the preventive measures to deal with this situation as the components are arriving with great difficulty,” Hermana said. The factory is majority owned by Japanese auto parts supplier Denso, with information technology firm Fujitsu also holding a stake. The stoppage of the audio line will affect 38 employees, but the suspension of other lines, making mostly auto electronics, could affect 336 ou
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