Deadly West Reading chocolate factory explosion caused by faulty gas fitting, safety board finds [CBS News]
UGI Corporation (UGI)
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Source: CBS News
factory , killing seven workers when the company failed to evacuate, a federal safety board said Tuesday. About 70 production workers and 35 office staff at R.M. Palmer Co. were working in two adjacent buildings at the time of the blast. Employees in both buildings told federal investigators they could smell gas before the explosion. Workers at the plant have accused the company of ignoring warnings of a natural gas leak, saying the plant, in a small town 60 miles (96 kilometers) northwest of Philadelphia, should have been evacuated. The National Transportation Safety Board said the factory failed to have natural gas emergency procedures in place that could have resulted in an immediate evacuation. The explosion leveled one building and heavily damaged another, sending flames more than 40 feet (21 meters) into the air and causing $42 million in property damage. "Contributing to the accident's severity was R.M. Palmer Company's insufficient emergency response procedures and train
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UGI
News
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- UGI customers to see nearly 9% increase in natural gas costs, company says [Yahoo! Finance]Yahoo! Finance
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- UGI Co. (NYSE: UGI) is now covered by analysts at Jefferies Financial Group Inc.. They set a "buy" rating and a $28.00 price target on the stock.MarketBeat
UGI
Earnings
- 11/21/24 - Beat
UGI
Sec Filings
- 11/26/24 - Form 10-K
- 11/22/24 - Form 4
- 11/22/24 - Form 8-K
- UGI's page on the SEC website