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Brazil bus maker Marcopolo keeps factory closed after blaze
September 4, 2017 / 2:44 PM / 17 days ago

Brazil bus maker Marcopolo keeps factory closed after blaze

SAO PAULO (Reuters) - Brazilian bus maker Marcopolo SA kept its biggest factory in the country closed on Monday after a fire that did not damage the assembly line there, according to the company.

Preferred shares of Marcopolo fell as much as 2.3 percent in Sao Paulo before paring losses to trade flat around midday.

A press representative for the company said by telephone that the blaze was under control and had not affected the production area at the plant in the state of Rio Grande do Sul.

Still, the company decided to suspend activities due to lingering smoke at the site, the representative added.

Marcopolo’s board of directors will decide on Monday when to resume activities at the plant.

Firefighters said a day earlier that there were no injuries in the large blaze that started in the plastics section of the factory, sending large black clouds of smoke into the air on Sunday afternoon.

Reporting by Natália Scalzaretto; Additional reporting by Bruno Federowski; Writing by Brad Haynes and Nick Zieminski

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