Highway Holdings Reports No Damage Amid Earthquake Challenges
Highway Holdings Limited (Nasdaq: HIHO) has issued a statement confirming that its operations continue without disruption following a recent earthquake. The tremor, which struck near Mandalay, has left Highway Holdings' factory and its staff based in Yangon safe and unharmed. Located about 400 miles away from the epicenter, the company is thankful that its crucial infrastructure has withstood the seismic activities.
Company's Resilience and Operational Stability
Roland Kohl, the chairman and chief executive officer of Highway Holdings, expressed gratitude for the outpouring of concern from stakeholders regarding the well-being of their team and operations. He emphasized that the company's facilities, designed with industrial-grade metal structures capable of withstanding significant seismic events, remain fully operational. The team in Yangon, which forms the backbone of the company, is currently safe and continuing their roles without hindrance.
Commitment to Employee Welfare
The company has demonstrated its commitment to employee welfare in response to the challenges faced by the community due to the earthquake. Rather than donating to institutions, Highway Holdings has directly reached out to assist employees with family in affected areas, ensuring that help is effectively delivered to those in need. This approach underscores their dedication to not only the safety of their workforce but also to their social responsibility as a manufacturer in the region. It reflects the company's values of care and community support amid adversity.
A Bright Future in Myanmar
Highway Holdings' investment in Myanmar remains steadfast as the company recognizes the immense potential of the region's workforce and competitive operating costs. The firm considers its establishment in Myanmar one of its most rewarding decisions. The future looks promising for the company, and they are optimistic about the continued growth and stability of their operations in this vibrant market.
About Highway Holdings
Highway Holdings is well-known as an international manufacturer, providing a diverse range of quality components for prominent equipment manufacturers predominantly in Germany. With administrative offices in Hong Kong and manufacturing capabilities in both Yangon, Myanmar, and Shenzhen, China, the company positions itself as a leader in manufacturing excellence. For further details on their offerings and initiatives, visit www.highwayholdings.com.
Frequently Asked Questions
What measures has Highway Holdings taken to assure operations remain normal?
Highway Holdings has confirmed that its Yangon facilities are safe and operational, with a robust infrastructure in place to withstand earthquakes.
How does Highway Holdings support its employees during crises?
Instead of donations, the company has opted to provide direct financial assistance to employees with family affected by the earthquake.
What is the significance of Highway Holdings’ location in Myanmar?
The company’s operations in Myanmar benefit from a skilled labor force and competitive operating costs, positioning it for future growth.
How does Highway Holdings view the future in Myanmar?
The leadership is optimistic about continued expansion and investment in Myanmar, considering it a rewarding venture.
What products does Highway Holdings manufacture?
Highway Holdings produces a wide array of parts for blue-chip equipment manufacturers, primarily serving markets in Germany.
