Thai factory fire cost Toyota $1.7 m

A fire at a Toyota factory near Bangkok Sunday night caused an estimated 50 million baht (about $1.7 million) damage, but will not affect production, the company said on Monday.

Hirunruangrong, senior president of Toyota Motor Thailand, told the Bangkok Post that the explosion and ensuing blaze burnt down a factory warehouse for storing engine oil, a pallet used for oil transportation and 10 forklifts, reported Xinhua.

Earlier reports put the loss at 100 million baht (about $3.4 million). He added that the incident does not affect production at the factory or its transportation of car parts to retailers. The factory remains in operation.

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