Tue, Jan 21, 2014 - Page 14 News List

Catcher’s daily operations still stable after fire destroys small plant area

BUSINESS STILL ON TRACK:Following Sunday’s fire at Catcher’s Greater Tainan plant, the company said there had been no casualties and operations were not impacted

By Helen Ku  /  Staff reporter

Metal casing manufacturer Catcher Technology Co (可成科技) yesterday said its business remained under control, with limited impact from a fire incident at its plant in Greater Tainan.

“A small area at our Tainan Technology Industrial Park factory had some smoke last evening [Sunday], but it was soon extinguished,” Catcher said in an e-mailed statement. “There is no material impact to Catcher’s business or finance.”

The Greater Tainan fire department sent 28 trucks to Catcher’s plant about 9pm after receiving reports that one of Catcher’s factories was smoking.

“It’s a very small area where heavy smoke was found on Sunday night,” Catcher spokesman and chief financial officer James Wu (巫俊毅) said by telephone.

“The fire department is still identifying the cause of the incident,” Wu said.

“What is certain is that Catcher’s daily operation remains on track, and the fire did not cause material impact to the company’s business,” he added.

The company said no casualties resulted from the fire.

Yesterday, Catcher’s shares opened at NT$119.5 in Taipei trading, down 1.72 percent from the NT$203 on Friday last week.

However, shares rebounded to close up 2.22 percent at NT$207.5, outperforming the benchmark TAIEX, which gained 0.3 percent.

Taishin Securities Investment Advisory Co (台新投信) vice president Tony Huang (黃文清) said by telephone that Catcher’s share price and daily operation remained stable because of the small scale of the incident.

“Catcher’s major plants are in China and given the small size of area destroyed, Catcher’s shipments should continue to be smooth,” Huang said.

Catcher yesterday said it has two plants in Greater Tainan.

According to the company’s annual report, it also has factories in Suzhou, Suqian and Taizhou, China.

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