More Shanghai-listed firms report quake damage

16 May 2008 04:18  [Source: ICIS news]

SHANGHAI (ICIS news)--Nine out of the remaining 10 of the 66 companies on the Shanghai Stock Exchange whose shares were recently suspended in response to the Sichuan earthquake put out announcements on Friday.

One of them - Hongda Chemical Industry - said some of its colored metal and phosphor chemical plants were damaged badly. Workshops were also found to have cracks after the quake.

It also confirmed 31 human casualties. Hongda is located in Shifang, southwest of Deyang, one of the most damaged areas in the southwestern Chinese province.

Sichuan Meifeng Chemical Industry said operations at two of its businesses - Meifeng Fertilizer and Mianyang branch - were still suspended. Company sources said they will recover production as soon as possible.

Seven other previously suspended companies also published announcements on their respective quake impact this morning.

Minjiang Hydropower, however, is yet to announce any details relating to the extent of damage it had suffered due to the quake. The management team was not immediately contactable.

The massive quake on Monday has already killed more than 20,000 people and experts are estimating the total death toll to exceed 50,000.

Have you personally or your business been impacted by the earthquake in China? If you have any information or thoughts you would like to share, post your comments or photos on the ICIS China Earthquake forum. You can also send photos and video directly to us at icisnews.asia@icis.com or icisnews.europe@icis.com

By: Dolly Wu
+65 6780 4359

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly