Si-Tex factory in Tokyo avoids damage - Trade Only Today

Si-Tex factory in Tokyo avoids damage

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Si-Tex Marine Electronics said its key factory in Tokyo is fine following last week's earthquake and tsunami in Japan.

"We've been in communication with representatives of our key factory in Tokyo, and they have confirmed that both their facilities and people have survived the recent natural disasters and are enduring the situation as well as possible," Si-Tex Marine Electronics vice president Allen Schneider said in a statement.

"Our thoughts and prayers go out to the entire Koden Electronics family, and indeed all the people of Japan who have been affected by this tragedy," he added.

Si-Tex notified its dealers across North America that damage from the recent earthquake and tsunami should not affect supply during the upcoming spring season.

Production at the Koden Electronics Co., Ltd. Factory, which manufactures many Si-Tex marine products, will be impacted as the company deals with challenges including power outages and damage to the nation's infrastructure. However, an effort during the last several months to build up North American inventory in preparation for the spring selling season should ensure a steady flow of product for the foreseeable future, the company said.

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