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STATEMENT ON CORONAVIRUS - Information for business partners (24.11.2020)

Company

11/24/2020 / Wels

Dear business partners,

On Friday, 13 November 2020, the Austrian Federal Government again declared a hard lockdown for Austria, bringing social life to a virtual standstill. Kindergartens, schools, shopping centres and retail shops are closed until 6 December 2020. However, the current lockdown differs from that at the beginning of the year. The Federal Government supports the economy and industrial companies in the best possible way by targeted easing. The ultimate goal is to contain and control the spread of the virus so that the Austrian health system does not reach its limits.

Fronius accepts its responsibility as an employer and takes all possible steps to protect the health of its employees. Expert groups have been set up to continuously evaluate the current situation and react quickly if necessary. Ongoing corona tests help us to prevent clusters from forming and to reduce infections in the company to a minimum.

Continuous screening of our entire supplier base enables us to avoid bottlenecks and to react quickly and flexibly. The additional intensification of communication with our partners has helped us to maintain Fronius' production capability almost unimpaired. In addition, our risk management currently sees no critical developments at key suppliers that could affect Fronius' ability to deliver in the medium term. To date, we have been able to keep our production running continuously and have recorded stable capacity utilisation. For this reason, no application for short-time working has had to be made to date. There is no apparent need for this in the coming months either. In order to react proactively to possible restrictions in the supply chain, a monitoring system has been established which enables us to follow developments in individual countries worldwide. From the results of this monitoring, control measures can be derived to stabilise and maintain the supply chain.

The coming period brings challenges, but we are nevertheless looking positively to the future and are confident that we will continue to cope well with this period. Our internal risk management system will continue to evaluate the situation in order to safeguard our supply in the future, so that we can react as quickly as possible to any possible influences. Should global developments require an update, we will of course make the necessary changes and inform you as early as possible.

ppa. Herndler Thomas, MAS

Fronius International GmbH