June 9, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Viasystems Group, Inc. (NASDAQ: VIAS) said that on June 6 its Zhongshan PRC factory suffered a fire incident in an electrical distribution hub, causing a cessation of production activities for a period yet to be determined. The company said that no personnel were harmed and no production equipment was lost in the incident. Viasystems’ Zhongshan factory is one of its seven PRC factories, and one of ten global factories operated by the company. The company said it is working with local government, fire and safety officials and electrical power officials to investigate the incident and to re-establish power supply to its operations as soon as practicable.

The company added that it is unable to estimate any potential costs of the incident at this time, but believes the company has adequate insurance coverage in place.

Missouri-based Viasystems is a provider of printed circuit boards and electro-mechanical solutions. Its PCBs serve as the “electronic backbone” of electronic equipment, and its E-M Solutions products and services integrate PCBs and other components into electronic equipment, including metal enclosures, cabinets, racks and sub-racks, backplanes, cable assemblies and busbars.

Viasystems has 13,000 employees around the world and serves more than 800 customers in the automotive, industrial and instrumentation, telecom, computer/datacom and military/aerospace markets.

Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate, courtesy of Stock Smart (at http://investrend.stocksmart.com/ss/html/hpcompany.html).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

[hlmsmlh] [ntrntnlcmpnsbsnss] [elctrncsmcndctr] [ftrdnwswnd] [chnchn]

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.