Technology

Suba Plastics hopes to return to normal in mid-June, despite a surge in Covid cases.

Coimbatore-based Suva Plastics hopes the clouds will clear by next month, even while the second Covid wave keeps everyone on their toes.

“We expect it to return to normal by mid-June, with the current situation in mind, but it will be difficult if the number of cases continues to grow and the blockade continues,” said Managing Director Geetha Baskaran. I will.

Tier I suppliers have been around for over 30 years and cater to many needs such as TVS Motor, Bosch and Valeo. “May will be a tough month. We hope to stabilize by November or December and reach pre-Covid levels by January 2022,” Baskaran continues.

There is a caveat here as this prediction depends on normalization. “With the third wave, it would be more difficult,” she says. For now, Suva is working hard to vaccinate its employees by partnering with CII and sharing the list with local public health centers. About 80% of our employees are locals in Coimbatore Belt.

Last year was challenging enough for the company, thanks to the first wave of pandemics that saw a national blockade. The biggest challenge at the time was liquidity management. Now that the second wave is causing havoc, Suva is taking every step to ensure worker safety and keep its balance sheet strong.

“Last year we were forecasting sales of 60-70 rupees, but in the end it was 45 rupees. It was difficult to handle safety and finance, but orders gradually started to increase and employees Has returned to work, “says Bascalan.

From her point of view, the same income of 45 rupees could be achieved this year. “By the time the second wave started, our customers didn’t shut down and we didn’t shut down. Still, it’s much more serious than the first wave, so it’s important to monitor the situation carefully.” She adds.

The silver lining of the cloud is that Atmanirbhar’s momentum is accelerating and OEMs are ordering more localized products for export and shipment. Similarly, the transition to electricity is creating new customers. The less happy news is about the availability of raw materials that should be “normalized” by July.

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Suba Plastics hopes to return to normal in mid-June, despite a surge in Covid cases.
Suba Plastics hopes to return to normal in mid-June, despite a surge in Covid cases.
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https://www.autocarpro.in/news-national/suba-plastics-hopes-for-normalcy-in-midjune-even-as-covid-cases-soar-79126 Suba Plastics hopes to return to normal in mid-June, despite a surge in Covid cases.

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