Investigations continue at High Post factory after explosion

Chemring Countermeasures High Post

Published by Faye Tryhorn at 10:23am 13th August 2018. (Updated at 10:26am 13th August 2018)

Chemring's share prices have tumbled following the fatal incident on Friday evening (August 10th).

A 29 year old man from Southampton was killed in the explosion in the 'flare making facility' off the A345 at around 5.00pm.

Another employee, who's 26 and from Pewsey, was also seriously injured and is being treated at Salisbury District Hospital. 

FACTORY CLOSED:

The incident at High Post has 'caused damage to parts of Chemring Countermeasures' manufacturing operations', we're told.

That means all production at the site has been suspended for the time being, while that's fixed.

Today (Monday August 13th), Chemring's said they expect the incident could lead to a £20 million hit in this quarter of the financial year.

The company's released a statement saying that could lead to a £5 million drop in profits overall.

They've also said the effects could be longer term:

"The impact on our 2018 and 2019 financial years cannot be accurately quantified at this stage as it will be dependent on insurance recoveries, the timeline for the investigation to be completed and the site to re-open, remediation work to be completed and at what rate production resumes."

The company has around 400 staff at the High Post.

Chemring's shares tumbled by more than 20% in morning trading.

Wiltshire Police and the Health and Safety Executive are jointly investigating what happened in the blast.

Email Icon

Sign up for exclusive news, competitions and offers.
Proper Local News updates from Spire FM

© Copyright 2018 Spire FM, A UKRD group company