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Nikon issues third notice regarding damage in Thailand flood

Nikon release a new statement on the situation in Thailand

| Business, Financial & Legal News | Posted: Nov 7, 2011 9:29 am

And so begins the problems for Nikon, again. After having issues at the beginning of the year with the Japanese tsunami, Nikon have been hit again with the Thailand floods. Nikon (Thailand) Co., Ltd., have released a new statement regarding their manufacturing plant in Ayutthaya Province located in Central Thailand.

 

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Nikon state that damages to the first floor of all buildings continues to be submerged. Operations at the factory have been suspended since October 6th with no human "damage" reported. Water levels have reportedly lowered by roughly 40 centimeters from the highest period at measuring points in the Park.

 

Business-wise, Nikon expect it to hit them quite hard with their estimates of financial damage sitting at 65 billion yen ($830 million) in sales, and 25 billion yen ($320 million) in income. Nikon also deeply apologize for any inconveniences caused by the disaster, and short supply of their products.

NEWS SOURCES:Nikonrumors.com

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