Canadian Solar's Chinese supply chain on track to full capacity utilisation
New Canadian Solar factory in Brazil. Image by Investe Sao Paulo (www.investe.sp.gov.br)
Canadian Solar Inc (NASDAQ:CSIQ) said today that its production activities and supply chain in China are back on track to full capacity utilisation following the recent disruptions arising from the coronavirus outbreak in the country.
The company said in a statement that the impact on its delivery schedule is mostly limited to the capacity loss in the final week of January and the first 10 days of February. In limited cases, now all settled with customers, Canadian Solar has had to amend shipping schedules and/or product types.
The solar panel maker believes that, under current conditions, it will be able to fulfil orders on-time and in accordance with the latest schedules confirmed with clients.
“In the meantime, the Company is closely monitoring the development of the COVID-19 in other countries and regions, to understand and prepare for any impact on cross-border logistics and project construction timelines,” the statement says.
Canadian Solar also scheduled its fourth-quarter (Q4) earnings conference call for March 26, 2020.