KUALA LUMPUR (Sept 3): Supermax Corp Bhd said its factory in Sungai Buloh, which caught fire on Aug 24, is fully covered by insurance against all risks, including consequential loss claims.

“At Supermax Group level, the financial and operational impact would be minimal as this plant is dedicated to a specific product which contributes to less than 1% of the group’s sales turnover,” added the rubber glove manufacturer.

In a filing with Bursa Malaysia today, Supermax said the premises, which was sealed by the Fire and Rescue Department and inaccessible earlier, was opened today for the insurance adjustor to conduct an inspection.

The group added that it is awaiting the department’s forensic report as well as the adjustor’s report at this point.

Last Monday, Supermax said there were no casualties in the incident and that the cause of the fire was unknown.

Shares of Supermax closed five sen or 1.49% higher at RM3.41 today, with 14.16 million shares done, bringing its market capitalisation to RM2.24 billion.

Over the past year, the counter has grown by 97.22% from RM1.73.