Dongyue Organosilicon Reports No Casualties from Synthesis Unit Fire

MT Newswires Live07-21

Shandong Dongyue Organosilicon Materials (SHE:300821) said a fire occurred at its Phase III-B synthesis unit on Sunday.

No casualties occurred, but preliminary checks showed damage to plant facilities, equipment and inventory, according to a Monday filing with the Shenzhen bourse.

The incident is expected to have "some impact" on 2025 operating results. Losses are still being assessed, and claims processing is in progress.

Shares of the silicon materials producer closed 2% lower Monday.

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