Fire breaks out at Wegmans' factory in Johor, says it is minor

KUALA LUMPUR (Jan 15): A fire broke out at one of three premises belonging to Wegmans Furniture Industries Sdn Bhd (WFI), a wholly-owned subsidiary of Wegmans Holdings Bhd, in Muar, Johor at 8.30pm Monday.

In a bourse filing yesterday, home furniture manufacturer Wegmans said the fire was put out in less than half an hour's time.

"The affected premise housed in three blocks of single-storey furniture factory building together with a three-storey office block situated at Kawasan Perindustrian Bakri in Muar," it added.

Deeming it as minor, Wegmans said the fire affected one of the spraying lines and inventory work-in-progress.

"The damages sustained from the fire incident were restricted to one block of furniture factory building. Other production facilities and factory buildings were not affected and production activities are running as normal," it added.

It noted that the property, plant and equipment and inventories destroyed are adequately insured.

"The management of the company and WFI will ascertain the actual extent and quantum of the losses caused by the incident in collaboration with insurers and other relevant parties," said Wegmans.

Wegmans shares closed half a sen or 1.85% lower at 26.5 sen yesterday, giving it a market capitalisation of RM132.50 million. The counter saw 366,900 shares traded.

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