1 week Ago
KUALA LUMPUR: Panasonic Manufacturing Malaysia Bhd expects gas supply disruption from the Putra Heights pipeline fire to impact the production of its fan and electric iron products, with an estimated 3% revenue loss based on total revenue from the previous financial year. “In response, Panasonic Manufacturing has activated its business continuity plan and implemented contingency measures to sustain critical operations for these products to ensure that the supply chain disruptions are minimal,” Panasonic Manufacturing said in a filing with Bursa Malaysia. The company said that the operations of its other products, including vacuum cleaners, home showers, and others, were not affected.
“We are proactively managing potential disruptions to our supply chain and customer deliveries” managing director Takashi Sugihara said. “We have implemented robust measures to minimise operational impact and are exploring alternative sources of gas supply to ensure we continue fulfilling our commitments. We aim to recover the loss of revenue once operations are normalised.
” With its financial year having ended on March 31, 2025, Panasonic Manufacturing anticipates only a minimal impact from the disruption on the group’s overall operations and financial performance in the current financial year.
