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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 -
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