SUMIDA: Company News
We hereby inform you of the impact of the recent floods in Germany on our business activities.
1. Current Situation
SUMIDA CORPORATION’s subsidiary in Germany, SUMIDA AG, which has a factory located in Erlau near Passau Germany, has been hit by heavy flooding caused by the river Danube since the early morning of 03-Jun-13 and suspended operations for the safety of its employees.
Fortunately we have not so far received a report of any human casualty.
The management team of SUMIDA AG is currently coordinating all activities to minimize damages and closely monitoring the situation. However, while the water level seems to be lowered, as the factory is currently not accessible, it is quite difficult to assess the damages at the factory and the duration of the production stop at this point in time.
We will keep you updated of any further development.
2. Brief Summary of the Subsidiary
| Name: | SUMIDA AG |
| Address: | Dr. Hans-Vogt-Platz 1, D-94130 Obernzell, Germany |
| Representative: | Paul Hofbauer |
| Capital: | EUR 7,344,027 |
| Shareholding: | 97.04% |
| Employees in Erlau, Germany: | 398 |
| Business: | Development, manufacturing and distribution of electronic coils |
Please click on the press release link above for the pdf version of this article.