01/20/2012 0 Comments

TOKYO— Hoya Corp. (NIKKEI:7741) announced that conditions are improving at its lens plant in Ayutthaya, Thailand, where operations have been suspended since Oct. 12, 2011 due to flooding. The company said that water has been removed from the facility, and based on delivery schedules from machine suppliers and other critical partners, it expects to partially resume production of prescription lenses in Ayutthaya no later than April 1.

Hoya also announced that its plant in Pathumthani, which resumed operation on Nov. 21, has returned to normal operation since December 2011.

"Our top priorities have been to ensure the safety of our employees in Thailand, and to minimize any impacts to our customers," said Gerald Bottero, president of Hoya Vision Care. "Since the flood, we have promptly initiated capital expenditures to restore Ayutthaya and increase local prescription lens capacities. We sincerely thank our Associates in all parts of the world who have worked tirelessly and sacrificed many nights and weekends to compensate for the temporary loss of capacity in Thailand."

Hoya said its other factories in Thailand have had no direct damage from the flood. The company said it is now investigating the effects of the flood and will address the situation promptly in case a significant financial impact is anticipated on the group's consolidated financial results, which are scheduled to be released in late January.

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