Xebec Adsorption’s manufacturing operations in Shanghai, China that were previously affected by coronavirus (COVID-19) have been restarted and are now fully operational.
The Canadian company today released an update on its global operations and said its operations in Shanghai were shut down for three additional weeks after the normal two-week Chinese New Year holiday.
During this period, the rest of the operations were working remotely to continue progress on designs of various customer contracts.
As a result, Xebec said Xebec Shanghai may experience a moderate impact on its first quarter of 2020 revenues and earnings, but does not expect a material impact on full-year 2020.
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