Core Viewpoint - Highway Holdings Limited confirmed that its operations in Myanmar remain unaffected by the recent earthquake, ensuring the safety of its employees and facilities [1][2]. Company Operations - The factory and facilities of Highway Holdings are located in Yangon, approximately 400 miles south of the earthquake's epicenter near Mandalay, and were not damaged [1]. - The company’s factory was designed with a strong metal structure to withstand earthquakes, contributing to its resilience [2]. Employee Welfare - Highway Holdings expressed gratitude for the inquiries regarding its well-being and emphasized its commitment to employee safety [2]. - The company provided financial assistance to employees with family in the affected areas instead of donating to institutions, ensuring direct support to victims [2]. Future Outlook - Highway Holdings views its Myanmar operations as a rewarding investment, citing a strong labor force and lower operating costs as key advantages for future growth [2]. Company Background - Highway Holdings is an international manufacturer supplying quality parts and products primarily to blue chip equipment manufacturers in Germany, with administrative offices in Hong Kong and manufacturing facilities in Myanmar and Shenzhen, China [3].
Update on Myanmar Earthquake; Highway Holdings Maintains Normal Operations with No Damage or Loss of Life