Thai Floods Halt Toyota Production at 4 Plants; Thai Airways Suspends Cargo Services Through October 6

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The flood situation in Thailand has spread to the business sector, with Toyota forced to temporarily halt operations at four automobile manufacturing plants because parts deliveries have been disrupted. Three of these are company plants, and one is a plant of Toyota Auto Works, a joint venture. Meanwhile, Thai Airways has suspended both inbound and outbound cargo services from Wednesday, September 30, through October 6, after a large number of employees were unable to travel to work. A Toyota spokesperson said the company is coordinating with suppliers to restore parts deliveries and will try to restart production lines as soon as possible. On the broader impact, data from the Ministry of Interior indicates that 44 provinces out of 77 have been affected, and as of Wednesday flooding persisted in 32 provinces, with at least 24 deaths. Ekkaphab Phanthasri, spokesperson for the Prime Minister's Office, citing data from the Ministry of Public Health, said the death toll stood at 40, and officials are accelerating efforts to drain floodwater in Bangkok, aiming to return the situation to normal within two to three days. Bangkok has faced heavy rainfall of as much as 320 millimeters in just three days, nearly equal to the average rainfall for the entire month of September. At Suvarnabhumi Airport, about half of the employees were unable to come to work, leaving thousands of pieces of passenger baggage stranded and many flights canceled.

Impact on assets 2

Electrification & Mobility▼ · 1 stocks
Toyota Motor Corp.
7203
▼ NegativeSupplyrelevance

Flooding disrupted parts deliveries, forcing Toyota to halt production at four Thai plants until supplier deliveries can be restored.

Aerospace & Aviation▼ · 1 stocks
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