08:01 AM | March 16, 2020 | Kartik Kohli
DIC Corp. (Tokyo, Japan) tells CW that it has restarted operations at most of its sites in China since February. Plants closed for longer than normal at the Lunar New Year due to coronavirus disease 2019 (COVID-19). The company did not identify any severe impact on demand in February, due to COVID-19. “We are taking a close look at the impact in March,” it adds.
The company informs CW that in China, there have been minor delays with logistics, but the situation is generally back to normal except for in Hubei Province.
DIC says that the recent crash in crude oil prices will provide it with a positive impact through a reduction in raw material costs.