Rogers Corporation Reports Fire in S. Korea Plant

Rhea-AI Summary

On February 9, 2021, a fire occurred at Rogers Corporation's (NYSE:ROG) UTIS manufacturing facility in Ansan, South Korea. The site was evacuated without injuries, but the facility suffered extensive damage. The fire's cause is under investigation. This site produces eSorba® polyurethane foams, crucial for portable electronics, and will see operational disruptions, though the duration is yet unknown. The UTIS business accounts for less than 4% of Rogers' annual sales and employs about 50 people.

Positive

• No reported injuries from the fire incident.
• The UTIS business only represents less than 4% of total annual sales, minimizing overall financial impact.

Negative

• Extensive damage to the manufacturing site may disrupt operations.
• Uncertainty about the duration of operational disruptions.

Rogers Corporation (NYSE:ROG) reports that there was a fire at its UTIS manufacturing facility in Ansan, S. Korea on Tuesday, February 9, 2021, at approximately 9 p.m. local time. The site was safely evacuated and there were no reported injuries; however, there is extensive damage to the manufacturing site. The source of the fire is currently under investigation.

This facility manufactures eSorba® polyurethane foams used in portable electronics and display applications. These operations will be disrupted, but it is too early to determine the expected duration of the disruption.

Rogers acquired the UTIS business in 2010, and the company employs approximately 50 people at this site. The UTIS business represents less than 4% of Rogers’ annual sales.

About Rogers Corporation

Rogers Corporation (NYSE:ROG) is a global leader in engineered materials to power, protect, and connect our world. With more than 180 years of materials science experience, Rogers delivers high-performance solutions that enable the company’s growth drivers -- advanced connectivity and advanced mobility applications, as well as other technologies where reliability is critical. Rogers delivers Power Electronics Solutions for energy-efficient motor drives, e-Mobility and renewable energy; Elastomeric Material Solutions for sealing, vibration management and impact protection in mobile devices, transportation interiors, industrial equipment and performance apparel; and Advanced Connectivity Solutions for wireless infrastructure, automotive safety and radar systems. Headquartered in Arizona (USA), Rogers operates manufacturing facilities in the United States, China, Germany, Belgium, Hungary, and South Korea, with joint ventures and sales offices worldwide.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210210005234/en/

FAQ

What happened at Rogers Corporation's facility on February 9, 2021?

A fire broke out at Rogers Corporation's UTIS manufacturing facility in Ansan, South Korea, causing extensive damage and operational disruptions.

Were there any injuries reported from the fire at Rogers Corporation?

No injuries were reported from the fire incident at the Rogers Corporation facility.

How will the fire affect Rogers Corporation's business operations?

The fire has caused operational disruptions at the UTIS facility, but the overall impact is limited as the UTIS business accounts for less than 4% of annual sales.

What products are produced at the UTIS facility?

The UTIS facility manufactures eSorba® polyurethane foams used in portable electronics and display applications.

What is the status of the investigation regarding the fire at Rogers Corporation?

The source of the fire is currently under investigation.