Oishi says factory fire hit 12% of capacity

Oishi says factory fire hit 12% of capacity

Machinery bottles tea at an Oishi plant. The group says damage from Monday's fire was confined to the ultra-heat-treatment production line.
Machinery bottles tea at an Oishi plant. The group says damage from Monday's fire was confined to the ultra-heat-treatment production line.

A Monday fire at the Navanakorn Industrial Estate plant in Pathum Thani province affected 12% of Oishi Group Plc's drinks production capacity, says president and chief executive Nongnuch Buranasetkul.

"The company would like to inform of additional information concerning the incident, which is that the fire occurred only in the UHT [ultra-heat-treatment] production line, which is separate from other production lines, and its production capacity is currently about 6 million litres or 12% of Oishi Group's total beverage production capacity," SET-listed Oishi said in a filing with the Stock Exchange of Thailand.

"The incident does not affect other production lines, which are still operating as usual."

The cause of the fire is under investigation and damage is being assessed, Mrs Nongnuch said.

Oishi Group and its subsidiaries are insured for fire, including damage to property and inventory and business interruption, she said.

"The company opines that the incident has no significant impact on the overall distribution, consumption by customers and business operations of the company," Mrs Nongnuch said. "In addition, the company will urgently resume the UHT production line."

On Monday morning, a fire damaged a drinks factory operated by Oishi Trading Co Ltd, a subsidiary of Oishi Group, in Klong Luang district of Pathum Thani.

The fire at the factory in Navanakorn Industrial Estate began at about 7am, sending workers fleeing to safety.

The fire is believed to have started in an electricity control box and then spread rapidly through stored cardboard boxes.

Oishi Group reported to the SET that the fire was at the UHT facility of a subsidiary and would not affect production or deliveries, as Oishi has other plants in Chon Buri and Saraburi provinces.

Oishi Group reported a net profit of 1.45 billion baht for the financial year ended Sept 30, up from 887.2 million in the same period last year.

OISHI shares closed yesterday on the SET at 141 baht, up two baht, in trade worth 2.7 million baht.

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