Australia's Range International drops on COVID-19 cases in its Indonesian facility

Range International

12/07/2021 03:28

** Shares of Range International Ltd  RAN.AX  fall as much
as 7.1% to A$0.013, their biggest intraday pct loss since July 5
    ** The plastic pallet manufacturer says 28 staff in
Indonesia facility turned positive for COVID-19 test
    ** Says impact on the co operations is currently minimal
 urn:newsml:reuters.com:*:nFWN2ON03B
    ** Adds co will reduce 1 shift per day for the time-being
and will make up this loss in production by extending other
shifts with overtime and employing new daily workers as required
    ** There may be intermittent losses in production as a
result and there may also be reductions in raw material
availability due to restrictions in collecting waste - RAN
    ** Stock down 26.3% this year, as of last close

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.mishra@thomsonreuters.com))