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OTHERS Ornapaper Berhad - Temporary Closure of Ornapaper Industry (M) Sdn. Bhd.'s Factory due to Covid-19 Affected Workers

ORNAPAPER BERHAD

Type Announcement
Subject OTHERS
Description
Ornapaper Berhad - Temporary Closure of Ornapaper Industry (M) Sdn. Bhd.'s Factory due to Covid-19 Affected Workers
Further to our announcement made on 27 August 2021, the Board of Directors of Ornapaper Berhad (“ORNA”) would like to clarify that the whole factory of Ornapaper Industry (M) Sdn. Bhd. ("OISB") has been closed for sanitization purposes. Nevertheless, the factories located in different locations are still operating as usual.

The temporary cessation of manufacturing operations is expected to result in delay of deliveries for several orders to OISB's customers. The management is currently in discussions with the affected customers for the rescheduling of the delivery dates for those orders and expect that there will not be any adverse impact to the Group.

The Group expects to increase production with extended shifts upon re-commencement of manufacturing activities. Although there will be a temporary reduction in OISB's employee numbers during the quarantine and recovery of the relevant staff, the Group does not foresee any material impact on its production levels as a result of the extended shifts.

The Group does not expect any material impact to its financial performance. Barring any prolonged interruptions or closure of operation of the factory, the Board does not expect any material adverse impact on the revenue of the Group for the financial year ending 31 December 2021. All our other facilities are operating according to permissible regulations.

This announcement is dated 1 September 2021.





Announcement Info

Company Name ORNAPAPER BERHAD
Stock Name ORNA
Date Announced 01 Sep 2021
Category General Announcement for PLC
Reference Number GA1-30082021-00161




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