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Paramount Die: “Our drawing die inventory will allow supply for 2-6 months”
As the coronavirus takes over the United States, in order to limit the contagion, over the last week Governors of several states have issued business operations limitations, allowing only those activities deemed to be part of critical industries to continue operations.
Many of Paramount’s customers in the Critical Manufacturing and/or Healthcare sectors have identified Paramount products to be critical to their operations. Therefore, the COVID-19 related restrictions are still not materially impacting Paramount’s ability to supply. This is also thanks to the very large die inventory, that should allow uninterrupted supply for at least 2-6 months of demand.
This, however, might not be true for Paramount’s suppliers. For example, a coating supplier has recently announced a temporary facility closure, but this shutdown is expected to have little effect on Paramount products.
As the situation is constantly evolving, Paramount Die will continue to communicate developments complying with all Federal, State and Local requirements.
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Stay tuned for more updates!
For more information contact Paramount Die by using the references on the left.
