Standard of Excellence: Anticipating Customer Needs Early and Often
The Knowledge Base: At the Forefront of Electronics Manufacturing
Global Citizenship: Training the Next Generation of Talent
Kitron Adjusts Outlook due to Lockdown in China
December 14, 2021 | KitronEstimated reading time: Less than a minute
The authorities in Ningbo, China, have imposed a lockdown in Zhenhai, one of the six districts in Ningbo, due to an outbreak of COVID-19 in the area. Kitron’s facility is located in the Zhenhai district, and although there are no known cases at Kitron's facility, production was halted on December 7 due to the restrictions. The production halt is expected to last two weeks.
Kitron's other sites will not be able to compensate for the production halt in Ningbo.
For 2021, Kitron has previously indicated a revenue outlook of between NOK 3 700 and 3 900 million and an EBIT margin between 6.8 and 7.1 percent.
Revenue is now expected to between NOK 3650 and 3750 million, and EBIT is expected to be between NOK 235 and 255 million.
In the third quarter report, demand was described as very strong. This is still the case. If anything, the demand outlook has strengthened further, supporting a positive outlook for 2022, given that the supply constraints gradually ease.
Share on:
Suggested Items
Serial Production of High-tech Sensor as Saab Expands in Finland
04/01/2025 | SaabThe newly inaugurated serial production facility is a milestone both for Saab’s expansion in Finland and the development of Sirius Compact. Increasing demand for the passive electronic warfare sensor has driven the need for serial production.
Hitachi Announces Completion of New Production Facility for Semiconductor Manufacturing Equipment
04/01/2025 | JCN NewswireHitachi High-Tech Corporation announced that the new production facility for semiconductormanufacturing equipment (etch systems), which had been under construction since December 2023 in the Kasado area (Kudamatsu City, Yamaguchi Prefecture), was completed and started the operation on March 17, 2025.
LG Display’s Guangzhou LCD Plant Officially Transferred to CSOT, Boosting Its Share of Large-Generation LCD Capacity to 22.9%
04/01/2025 | TrendForceLG Display’s Guangzhou Gen 8.5 LCD line was officially transferred to CSOT today (April 1st) and renamed “T11”.
NAND Flash Prices Begin to Recover in 2Q25 as Production Cuts and Inventory Rebuilding Take Effect
03/26/2025 | TrendForceTrendForce reports that NAND Flash suppliers began reducing production in the fourth quarter of 2024, and the effects are now starting to show. In anticipation of potential U.S. tariff increases, consumer electronics brands have accelerated production, further driving up demand.
AT&S Sets New Standards in the Recycling of Copper and Chemicals
03/25/2025 | AT&SAT&S has been working for years to reduce the ecological footprint of its production sites worldwide with a comprehensive sustainability strategy and considerable investments.