Amphenol Corp., a manufacturer of electronic and fiber-optic connectors, said its Sidney, New York, manufacturing facility was damaged as a result of severe and sudden flooding in New York state from June 28 to July 1. The Sidney facility primarily serves the aerospace and industrial markets.
The company is currently assessing the extent of property damage at the facility and the anticipated duration of business interruption. Preliminary estimates of flood related losses, in excess of related insurance coverage, are in the range of $15 to $30 million.
Based on preliminary estimates the company believes the facility will commence partial production early next week and ramp up to substantially full production within 30 days. Customer service and other administrative functions have already resumed activity pursuant to emergency operating plans. The company will provide an update on the impact of the flood, the status of its recovery activities and related loss estimate at its regularly scheduled earnings conference call on July 19, 2006.