KUALA LUMPUR (July 2): A minor fire has occurred at one of Mieco Chipboard Bhd's manufacturing plant in Kuala Lipis, Pahang, in the early hours of this morning.

In a filing to Bursa Malaysia today, Mieco said the financial impact from the incident has yet to be fully ascertained, though any financial losses arising from this incident are expected to be fully covered as adequate insurance policies have been taken up.

Mieco said the fire, which started at about 12.45am at the plant that belongs to its wholly-owned Mieco Manufacturing Sdn Bhd, was put out in less than an hour.

"The damages sustained from the fire incident are restricted to the conti-roll press section. Other sections of the machinery and building were not affected. Preliminary indications are that the repairs will take up to approximately two weeks during which the production line are expected to be affected," the company said.

Just three years ago, Mieco also reported a fire at one of its plants in Kuala Lipis.

Mieco shares closed unchanged at 30 sen today, giving it a market capitalisation of RM157.5 million.