Unimicron stock drops as factory suffers second fire in three months

Printed circuit board (PCB) and integrated circuit (IC) manufacturer Unimicron Technology Corporation (TWSE: 3037) saw its stock price plummet this early this afternoon after a fire at its Taoyuan City factory at noon today, February 4.

The Taoyuan City Fire department dispatched 42 vehicles and more than 100 personnel to the Shanying plant in Guishan District after thick black smoke was reported pouring out of the plant.

According to reports, the fire started on the second floor of a building where workers were dismantling equipment damaged in a fire on October 28. It is suspected that debris was ignited when an acetylene torch was being used to cut equipment.

Around 100 employees were evacuated after a fire broke out at the Shanying plant in Guishan Dictrict, Taoyuan City at around noon, February 4.

Fortunately, no one was trapped in the building, and no dangerous goods or chemicals were stored at the scene. The October 28 fire saw two trapped female employees rescued, and 7 firefighters suffered chemical injuries.

Production capacity had already been affected by the October 28 fire, and with no clear indication on when production could resume, some investors responded to today’s fire by dumping stock, causing a price drop of more than 3% in less than one hour after dips of more than 7%.

stock price for TWSE 3037
Picture: Google Finance.

In the meantime, the stock price of Unimicron rival Kinsus (TWSE: 3189) surged 3.67% within an hour of the fire being reported.

Google Finance
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