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Altro Business Continuity - Coronavirus

Since late January 2020, we have been closely monitoring the spread of the Coronavirus across the world on a daily basis, with the wellbeing and safety of all our staff globally being our first and key priority to us. During this time, we have been able to keep our business running with the aim of protecting our people’s jobs, safeguarding our business, servicing our customers, whilst supporting the wider economy. Our Business Continuity Team, comprising of members of the Board and of the senior management team, continue to meet on a regular basis to monitor the fast evolving situation globally. We have always been following all Government advice as it has been evolving and implementing appropriate measures in order to ensure not only the wellbeing of our staff but also to support in the safeguarding of our communities and contributing to the efforts in containing the outbreak.

Sourcing

Since the beginning of the crisis, we are pleased to report that our Supply Chain Operations have not been negatively impacted. The majority of our flooring and walling products are manufactured in the UK with our key raw materials being sourced from the UK and Europe. We already hold significant stocks of raw materials and finished goods as well as a contingency stock to manage fluctuations in demand. In addition, to ensure the continuation of supply, we are communicating regularly with our suppliers and, if the sourcing lead times increase, we will transfer to our other sourcing partners.

Altro Team

To avoid placing our own staff and our visitors at risk and to prevent us from contributing to the spread of the virus, the Company had already implemented social distancing measures by minimising the number of individuals at any one time on all of our sites, enhanced the daily cleaning and sanitation of all areas of our buildings and instigated home working for those of our staff that are able to work remotely.

In line with the latest UK Government advice, our staff have been advised not to travel, unless they are travelling to and from their place of work (in those instances where they can’t work from home) and are using technology, such as video conferencing, as a substitute for face to face meetings.

In addition to the above, we have restricted external visitors to our sites to essential visits only, for example, for necessary deliveries. If you are visiting our Letchworth site, please report to our Security Gatehouse. For our Lowestoft and Maiden Newton sites, please adhere to their local instructions.

We are grateful for your continued understanding and appreciate your support in safeguarding the wellbeing of our communities and contributing to the efforts in containing the outbreak.

We are continuing to closely monitor the situation as it develops and we look forward to returning to business as usual with all our staff and stakeholders remaining safe and healthy.

In the meantime if you have any questions in relation to this, please do not hesitate to contact a member of the Altro team.

Updated 18.5.20