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Launch Technologies reports NT$1.3B losses from factory fire
Launch Technologies Co, a golf ball manufacturer, has announced losses of NT$1.329 billion resulting from a catastrophic factory explosion in late September. The losses include NT$273 million worth of inventory, NT$599 million in property and equipment damages, NT$2.71 million in other asset losses, and NT$455 million as a liability reserve. The company’s third-quarter financial report, approved by the board, reveals total revenues of NT$2.776 billion during the first three quarters. Operations have been suspended following the incident, which is expected to further impact the company’s operations. The factory fire in Pingtung County on September 22 resulted in 10 fatalities and over 100 injuries.2023/11/07 18:31 -
Golf ball maker faces NT$2.4M fine for Pingtung factory fire
Pingtung County imposes a NT$2.4 million fine on golf ball maker Launch Technologies for a deadly factory fire. Learn more about the penalties and investigations surrounding this tragic incident.2023/09/25 19:04 -
Delivery drivers rally to support exhausted firefighters
A tragic fire at a Pingtung golf ball factory claims six lives, including four firefighters. Delivery drivers come together to support exhausted first responders. Learn more about this devastating incident.2023/09/23 16:54 -
Launch Technologies yet to issue statement on factory blast
An explosion at Launch Technologies Co., Ltd., a golf ball manufacturer in Taiwan’s Pingtung Technology Industrial Park, has resulted in hundreds of casualties. The company, a major player in the global golf ball market, has not yet released a detailed statement about the incident.2023/09/23 14:26 -
Tragic factory blaze: 5 dead, 5 missing and 98 injured
Factory explosion in Pingtung leaves 5 dead, 5 missing, and 98 injured. Ongoing investigation into the cause. Pingtung government collaborates with Export Processing Zone Administration on compensation.2023/09/23 14:08