Cause of and any responsibility for incident have not yet been determined
source: AGI
Ag Growth International Inc. previously announced that a commercial grain storage bin manufactured by it and located at a customer's export terminal in North Vancouver, BC,had collapsed.
The grain storage bin that collapsed is part of a new bin line that was developed and manufactured by AGI over the past two years in response to market demand.
It is a larger version of AGI’s standard hopper line. This new bin line is unique and distinct from the rest of AGI’s product lines, including its other grain storage bin products, and is not in place or being sold to any other customers.
2019年5月,在实质上不同的应用程序中,在另一个网站上安装了类似的产品,用于其他客户的失败,目前尚不清楚其原因。
Based on that event and out of an abundance of caution, AGI undertook an extensive engineering re-evaluation of the product prior to inclusion in two additional applications.
这些垃圾箱中有15个(包括倒塌的垃圾箱)位于事件发生的设施中,另外有20个已制造并提供给另一个客户,但尚未受到委托。
The total sales value of these 35 bins is approximately CAD $19.1 million.
客户在facility where the incident occurred has asserted AGI's responsibility for the collapse, however, the cause of and any responsibility for the incident have not yet been determined.
AGI’s immediate focus is on working with its customers to ensure the safety of all personnel and security of their facilities. The recovery, investigation and remediation may take a number of months to complete.
“We have reacted immediately, moving to work with our customers to discover the cause of this incident,” says Tim Close, president and CEO of AGI. “Our primary concern is safety of personnel at the sites. Once recovery of the site has been completed the investigation will provide the facts for us to determine the required remediation and the impact on AGI. We are confident that we can contain the impact on AGI’s business while collaborating with our customers to effect any required remediation, and continuing the growth and success across AGI.
"We can also confirm continued robust performance of our business particularly in North American Farm, in Brazil, EMEA, India, AGI Food, and AGI SureTrack and, excluding any impacts from this incident, we are setting up for a solid completion of 2020 with Adjusted EBITDA in the second half of 2020 trending higher than expected as at our second quarter statements," says Close.
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