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Explosion likely to cost chemicals company $32 million

Posted On: Apr. 9, 2019 6:15 AM CST

Factory explosion

Taiwan-based Formosa Chemicals and Fibre Corp. said that an explosion at one of its factories in Yunlin County on April 7 is likely to cost the company more than $32 million per month in lost revenues, Taipei Times reported. The Yunlin County's government ordered the company to close the plant to investigate the incident.

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