March 26, 2020 / 8:21 AM / 2 months ago

BRIEF-Grupa Azoty Says Is Currently Not Recording Significant Coronavirus-Related Sales Drop, Disruptions

March 26 (Reuters) - Grupa Azoty SA:

* ON CORONAVIRUS: AT PRESENT CO IS NOT RECORDING SIGNIFICANT DROP IN SALES, STAFFING LEVELS NOR SUPPLY CHAIN DISRUPTIONS

* SAYS HAS BEEN INFORMED BY SEVERAL CUSTOMERS THAT THEY ARE TEMPORARILY HALTING PRODUCTION OF MELAMINE

* HAS IDENTIFIED NEGATIVE IMPACT OF CORONAVIRUS EPIDEMIC ON EUROPEAN PIGMENT MARKET

* SALE OF WHITE PIGMENT IN ITALY IS CURRENTLY IMPOSSIBLE DUE TO ITALIAN ADMINISTRATIVE DECISIONS

* SEES RISK THAT SIMILAR ADMINISTRATIVE LIMITATIONS MAY BE IMPOSED IN FRANCE AND GERMANY

* SAYS CANNOT RULE OUT GROWTH OF RISK OF SIGNIFICANT NEGATIVE IMPACT OF EPIDEMIC ON CO’S ACTIVITIES IN NEAR FUTURE Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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