Last week’s fire will see part of Fareha factory out of action for a year, but only a fifth of facility damaged, not two-thirds as first thought
The huge fire at GEA Searle’s Fareham coolers-to-condensers factory have caused £4-6 million of damage, but the company believes it could have been much worse.
Although 15 fire crews from 14 different stations were called out to last Wednesday’s fire, Searle believs out only about 18 per cent of the site was actually destroyed by the fire.
Commercial director Richard Saunders told the Porstmouth-based News: “The fire crews managed to keep it away from our stock so we can now concentrate on replacing the space and finding room in other parts of the unit.”
Replacing the burnt section will cost around £4m to £6m but the company’s insurance will cover the damage. Around £500,000 worth of equipment, including products ready for shipping to customers, was destroyed, said Mr Saunders.
He added: “The employees have been fantastic and will come in on weekends and show their support. They have been working extremely hard.”