NEWS

FOR IMMEDIATE RELEASE

LONDONDERRY, NH MARCH 2, 2020 As most people around the world are aware, there is currently an outbreak of respiratory disease caused by a novel coronavirus that was first detected in Wuhan City, Hubei Province, China and which has now been detected in 50 locations internationally, including cases in the United States. The virus has been named “SARS-CoV2” and the disease it causes has been named “Coronavirus Disease 2019” (COVID-19). SARS-CoV-2 has demonstrated the potential to rapidly spread, which could lead to significant impact on health care systems, causing societal apprehension, and possibly leading to economic disruption. 
 
Wire Belt recognizes that there may concern about the disruption of supply, and has taken steps that will, at the present time, ensure our customers of an un-interrupted supply of our products. Shortly after the initial outbreak, Wire Belt was asked by several customers to provide assurances that no disruption in the supply raw material would occur due to sourcing from China and other Asian Countries.
 
Wire Belt sources no raw material from China.  More than 95% of our wire is sourced within the United States made from domestically produced ‘rod’ raw material.  One product we make (Versa-Link) uses a flattened wire which is currently sourced from South Korea.  We do have 3 to 5 month’s supply of this material in stock, and anticipate no issues with continuing our production unabated.
 
Wire Belt in the USA also has the capability to source Flat-Flex (round wire products) belt by manufacturing in our facilities in Germany and in the U.K. if needed. We do not use any outsourcing for our manufacturing, 98% of the product we sell in the USA, is currently manufactured in Londonderry.
We all hope that the Coronavirus does not proliferate to the point where our US or European operations are impeded. We are monitoring the situation just as you are. We will continue to post updates as things change.

WIRE BELT NAMED ONE OF THE BEST COMPANIES TO WORK FOR IN NH

Wire Belt was chosen by Business NH Magazine as one of the best companies to work for in New Hampshire for 2020! 

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