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CPS Global Update on Coronavirus

Wednesday, March 11, 2020

Press release from the issuing company

As the outbreak of COVID-19 has raised questions about the impact on supply to the industry, Flint Group CPS would like to provide an update for our customers.

Michael Podd, Chief Procurement Officer and Senior VP Commercial, reports “Like many companies, we have observed some delays in the supply of raw materials as a result of manufacturing and freight disruptions within China. CPS presently continues to have sufficient inventory to support your business, and has additional stock on the water inbound. Further, Flint CPS procurement and supply chain teams continue to activate alternative region sourcing options to further mitigate any potential supply issues.

“In the event this is insufficient we will expedite raw material shipments where feasible, and will be fully transparent with our customers on any additional cost. We will of course prioritize existing customers particularly those with long term contracts.”

 

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