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Spindex's Shanghai plant to close temporarily as the city's Covid-19 cases increase

Felicia Tan
Felicia Tan3/28/2022 07:53 PM GMT+08  • 1 min read
Spindex's Shanghai plant to close temporarily as the city's Covid-19 cases increase
The closure is expected to have a negative impact on Spindex’s financial performance for the FY2022.
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Spindex, on March 28, announced that its plant in Shanghai, China, will be closed temporarily, as directed by the local authorities.

The city will be undergoing a lockdown in two stages as Covid-19 cases spike.

According to Spindex, its supply chain and customers that are exposed to the closure of the city will be affected as well.

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