Faulty pump at fault in ETA fire

by eyetee | December 30, 2013 4:00 pm

[1]A fire that started in the galvanic department of Swatch Group’s ETA workshop has left the building completely destroyed.

According to National Jeweler, the fire is believed to have been caused by a faulty pump in the workshop. Swatch Group says it expects some delays in production, but believes it will be able to catch up within the first half of the year. Damage is estimated at $44.3 million to $55.4 million US.

It took crews about 45 minutes to have the fire under control at the facility, which is located in Grenchen, Switzerland. According to Swatch Group, no one was harmed and there was no activity at the workshop at the time. The fire did not spread to neighbouring workshops.

ETA manufactures automatic and quartz watch movements, componentry found in most Swiss watches.

 

Source URL: https://www.jewellerybusiness.com/news/fire-destroys-swatch-group-eta-workshop/

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