Following the news that German solar photovoltaics (PV) manufacturer Manz has revealed plans to open up its Italian facility;
Somik Das, Power Analyst at GlobalData, a leading data and analytics company, comments:
“Based on recommendations from the German federal government and the European Commission, Manz temporarily shut its operations in Italy and Germany. Now with proper measures in place to protect its staff, the company has re-started operations at its plants based in Germany and now in Italy. In Italy, the company is still making sure that all of the employees who are not directly involved in production continue to work from home.
“Around 75% of the company’s employees in Reutlingen and Tübingen returned to work after the holiday weekend. This allowed the company to continue processing current orders. The company’s board will continue monitoring the pandemic and will make additional changes to work practices as the situation with the outbreak changes.
“In March 2020, Manz reported that revenue dropped by nearly 11% year-on-year to €264.4m and its net income plunged by roughly 29.8%. The decline in performance was due to project delays from the customer end and the postponement of major investments in the European battery production space. Currently, it would be difficult for Manz to provide a concrete forecast for 2020, due to the uncertainty created by the ongoing pandemic. It is expected that as the pandemic situation changes its course, the company will change its 2020 plans accordingly with countermeasures to minimize the damage caused by COVID-19.
“Meanwhile the company is taking care of its employees in the best possible manner. Just like many other organizations, it is ensuring social distancing measures are rightly implemented. This is in line with giants like Ford, who in turn has prepared social distancing bands, that vibrate on an individual when they’re in the close vicinity of a group. With such measures in place, these organizations are sure to maintain their production and curb the infection rate simultaneously.”