Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Toyota taps wells to beat water supply disruption in central Japan

Published 05/17/2022, 11:34 PM
Updated 05/17/2022, 11:55 PM
© Reuters. FILE PHOTO: The Toyota logo is pictured at the 38th Bangkok International Motor Show in Bangkok, Thailand March 28, 2017. REUTERS/Athit Perawongmetha

© Reuters. FILE PHOTO: The Toyota logo is pictured at the 38th Bangkok International Motor Show in Bangkok, Thailand March 28, 2017. REUTERS/Athit Perawongmetha

TOKYO (Reuters) - Toyota Motor (NYSE:TM) Corp is using well water at its factories to avoid the impact of an industrial water supply disruption in central Japan, a spokesperson said on Wednesday.

A leakage at a water facility in the Aichi prefecture has disrupted industrial water supply, affecting more than 130 business establishments, local government officials said. Those establishments include firms and factories with ties to Toyota.

Japan's largest automaker will be able to operate as usual for Wednesday and will continue to monitor the situation after that, the spokesperson said.

Media reports had said industrial water supply would stop by around 9 a.m. (0000 GMT) on Wednesday at 131 businesses in 12 municipalities in the Aichi prefecture, including the city of Toyota where the automaker's headquarters is located.

© Reuters. FILE PHOTO: The Toyota logo is pictured at the 38th Bangkok International Motor Show in Bangkok, Thailand March 28, 2017. REUTERS/Athit Perawongmetha

But supply had not completely stopped as of 11:15 a.m., an official at Aichi Public Enterprise Bureau told Reuters, adding it was uncertain when the disruption would be fixed.

Some major assembly lines at Toyota's factories in the area had already planned to suspend production, prior to the water supply issue, due to parts shortage stemming from the COVID-19 lockdown in Shanghai.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.