PMMA revenue hit by Putra Heights blast

PETALING JAYA: Panasonic Manufacturing Malaysia Bhd (PMMA) estimates a 3% loss of revenue, following the gas supply disruption at both of its manufacturing plants in Shah Alam.

The supply disruption was a result of the Putra Heights gas pipeline blast.

“The gas supply disruption is expected to have an impact on the production of fan and electric iron products, resulting in an estimated loss of revenue of approximately 3% based on total revenue for the last financial year,” PMMA said in a filing with Bursa Malaysia.

In response, PMMA has activated its business continuity plan and implemented contingency measures to sustain critical operations for these products. Managing director Takashi Sugihara said the group is proactively managing potential disruptions to its supply chain and customer deliveries.