The Chinese chemical industry park where an explosion last month killed 78 people and left hundreds injured will be closed, authorities have said.
The blast in Yancheng City, eastern Jiangsu Province, was one of the worst industrial accidents in the country in recent years, razing buildings nearby and blowing out the windows of surrounding homes. Authorities evacuated thousands of residents.
The decision to close the Xiangshui Chemical Industry Park (響水化工園區) was made on Thursday by the local government, state broadcaster CCTV reported on Friday.
Jiangsu Province will also begin closing chemical plants, with the number of producers to be cut roughly in half by next year, news site The Paper reported.
Local authorities on Tuesday said that 187 people hurt in the blast remained in hospital, with two in critical condition.
ARRESTS
Three employees from the firm Jiangsu Tianjiayi Chemical Co (天嘉宜化工), whose facility was involved in the blast, have been detained by police.
They bore “significant responsibility” for the accident, according to a statement on the Yancheng government’s official microblogging account.
The company, with 195 employees, was established in 2007 and mainly produced raw chemical materials, including anisole, a highly flammable compound.
It had a history of violating environmental regulations, according to online records from the Yancheng Bureau of Environment and Ecology.
Merida Industry Co (美利達) has seen signs of recovery in the US and European markets this year, as customers are gradually depleting their inventories, the bicycle maker told shareholders yesterday. Given robust growth in new orders at its Taiwanese factory, coupled with its subsidiaries’ improving performance, Merida said it remains confident about the bicycle market’s prospects and expects steady growth in its core business this year. CAUTION ON CHINA However, the company must handle the Chinese market with great caution, as sales of road bikes there have declined significantly, affecting its revenue and profitability, Merida said in a statement, adding that it would
Greek tourism student Katerina quit within a month of starting work at a five-star hotel in Halkidiki, one of the country’s top destinations, because she said conditions were so dire. Beyond the bad pay, the 22-year-old said that her working and living conditions were “miserable and unacceptable.” Millions holiday in Greece every year, but its vital tourism industry is finding it harder and harder to recruit Greeks to look after them. “I was asked to work in any department of the hotel where there was a need, from service to cleaning,” said Katerina, a tourism and marketing student, who would
i Gasoline and diesel prices at fuel stations are this week to rise NT$0.1 per liter, as tensions in the Middle East pushed crude oil prices higher last week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday. International crude oil prices last week rose for the third consecutive week due to an escalating conflict between Israel and Iran, as the market is concerned that the situation in the Middle East might affect crude oil supply, CPC and Formosa said in separate statements. Front-month Brent crude oil futures — the international oil benchmark — rose 3.75 percent to settle at US$77.01
RISING: Strong exports, and life insurance companies’ efforts to manage currency risks indicates the NT dollar would eventually pass the 29 level, an expert said The New Taiwan dollar yesterday rallied to its strongest in three years amid inflows to the nation’s stock market and broad-based weakness in the US dollar. Exporter sales of the US currency and a repatriation of funds from local asset managers also played a role, said two traders, who asked not to be identified as they were not authorized to speak publicly. State-owned banks were seen buying the greenback yesterday, but only at a moderate scale, the traders said. The local currency gained 0.77 percent, outperforming almost all of its Asian peers, to close at NT$29.165 per US dollar in Taipei trading yesterday. The