Ticker March 2020

Current supply situation

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In light of the spread of the Coronavirus (SARS-CoV-2), we would like to share the following information on the current supply situation at Groz-Beckert.

All Groz-Beckert sites and production facilities are fully operational and working as normal at the current time. Emergency plans are in place for all sites that enable operation to be continued at reduced capacity.

We are well positioned with good delivery capabilities thanks to our central warehouses in Germany and Singapore as well as substantial stocks at our affiliates.

However, like all companies, we are currently noticing a reduction in the worldwide transport capacities and a sharp increase in freight rates, particularly air freight. Delays are therefore possible in some cases, which we will do our best to counteract with our decentral warehouses.

At the present time, we do not expect any further issues with regard to the delivery quality and availability of our products.

We will be happy to answer any questions you may have.

Yours sincerely,