Metair trims guidance as supply chain and labour disruptions bite

Battery and vehicle component maker Metair says global supply chain disruptions, a strike, as well as violent civil unrest in July put a dent in SA’s vehicle industry, with the group paring back its expectations for component production in 2021 and pushing back some of its investment plans.

After a strong first half-year, the group told Business Day in August that SA’s vehicle industry could see production in excess of 2019 levels, but it warned in an update on Wednesday that it now expects original equipment manufacturer volumes to potentially dip below 90% of that year’s figure. ..

Behind every successful person there's always a helper Johnteddy77 is the person behind my success story he helped me earn R400,000. thanks for restoring my hope once again Johnteddy77

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JSE lifts as investors bet on strong US corporate earningsHowever, risks from rising Covid-19 cases in China, persistent inflation and global supply-chain disruption might dampen the mood
Source: BDliveSA - 🏆 12. / 63 Read more »

No more autographs from Paul McCartney. 'We both know who I am,' says singer | ChannelThe singer says fans asking for his signature always struck him as 'a bit strange'.
Source: Channel24 - 🏆 48. / 51 Read more »

Cyberattack causes widespread disruption at petrol stations in IranHackers target petrol distribution system ahead of the second anniversary of fuel hikes that lead to violence
Source: BDliveSA - 🏆 12. / 63 Read more »

FLOYD ON F1: Racing bug has bitten Uncle SamWeekend crowd attendance topped-out at 400 000, a sign that F1 has finally been 'accepted' in the States.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Ralph Lauren pledges $5m for production of sustainably grown cottonAim is part of apparel companies’ efforts to raise the supply of environmentally friendly materials to meet targets $5m? Ohhhhh, last of the big spenders!
Source: BDliveSA - 🏆 12. / 63 Read more »

DA Joburg mayoral candidate accuses Sanral of not paying electricity billDA’s mayoral candidate for the City of Joburg, Mpho Phalatse says she would switch off the electricity supply to the e-toll gantries if she is elected mayor Has John not sent her on a Sabbatical yet for lambasting his Phoenix posters ?
Source: IOL - 🏆 46. / 51 Read more »