Metair performing well despite supply chain disruptions

JSE-listed automotive and energy components manufacturer Metair says its verticals are performing well relative to their challenging operating environments, while also assuring shareholders that key projects remain on track in the automotive components vertical, despite the impact of global supply chain disruptions, semi-conductor shortages and shipping constraints, including port disruptions at State-owned Transnet’s operations. Further, the energy storage vertical continues to deliver strong automotive battery volumes and revenues despite the Turkish and Romanian operations navigating through short-term inflationary cost pressures and the ongoing war in Ukraine.