Hanon Systems, Beijing Branch Production Halted
[Asia Economy Reporter Oh Ju-yeon] Hanon Systems announced on the 10th that its Chinese subsidiary, Hanon Systems Beijing, will halt production. The company explained that this is due to "delays in parts demand caused by the Chinese government's extension of the Lunar New Year holiday period to prevent the spread of the novel coronavirus infection." The company plans to resume production on the 17th, but the date may change depending on further consultations.
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