Ayala's IMI delays work resumption in some China plants due to coronavirus

ABS-CBN News

Posted at Jan 30 2020 09:18 AM

MANILA -- Ayala Corp's microelectronics unit, IMI, said Thursday it was delaying the resumption of work in some facilities in China to help government efforts there to contain the novel coronavirus.

Integrated Micro-Electonics Inc said it was "developing contingency plans" to recover production backlogs. China delayed the resumption of work from last week's Lunar New Year holiday to respond to the outbreak.

Business trips between high risk regions were also deferred, it said.

"IMI is currently assessing the extent of the impact of such outbreak on its operational and financial performance," it said.

The Ayala unit identified the affected sites as follows:

Ayala Corp unit IMI is delaying the resumption of work in some facilities in China to help contain the novel coronavirus. Handout photo.