GlobalQuick read

Toyota car plants, Thai Airways cargo hit by Thailand floods

Business Recorder • • 1 min read

Toyota car plants, Thai Airways cargo hit by Thailand floods

Business Recorder reported that floods in Thailand have forced four Toyota plants to shut temporarily and halted cargo operations at Thai Airways. Toyota's Thai unit has stopped work at three of its plants and one facility at its joint venture, Toyota Auto Works, after floodwaters disrupted parts deliveries. The carmaker is coordinating with suppliers so that deliveries can be restored and production can resume quickly.

Thai Airways said that many of its staff were not able to reach work, so it has stopped accepting inbound and outbound cargo from Wednesday until October 6. The airline added that the services would return at the earliest opportunity. Flooding also caused disruption at Suvarnabhumi Airport on Tuesday, where half the personnel could not report for duty and many flights were cancelled.

Bangkok was declared a disaster-affected zone after receiving 320 mm of rain over three days late last week, close to the city's usual total for all of September. The interior ministry put the death toll at 24 with 44 of Thailand's 77 provinces affected, while a government spokesperson cited health ministry figures of 40 deaths. Authorities are draining floodwater from the capital into canals, aiming to return conditions to normal within two or three days.

At a glance

  • Four Toyota plants in Thailand have temporarily shut because floods disrupted parts deliveries.
  • Thai Airways has halted inbound and outbound cargo services until October 6.
  • Floods have killed at least 24 people, according to the interior ministry.
Sectors:Automobile AssemblerTransport

Originally reported by Business Recorder

This page is Investify's own summary. The full report, with all details and context, is on the publisher's site.

Read the full story

Want the full article here?

Log in to read the full article in the Investify reader, in English or Urdu.

Investify summarizes Pakistan Stock Exchange news in its own words and links each story to its original publisher. We always credit the source so you can read the full report and verify the details before making financial decisions.

Built for PSX investors

Your market watch, portfolio and news desk in one app.

Follow live PSX prices, track holdings, read business news, and keep your watchlist close before the market moves.

Investify app live PSX stock list on iPhone