MEXICO CITY, July 25 (Reuters) - Mexico's Becle
, the world's largest tequila producer, on Thursday
said it had suspended operations at its plant in Tequila where a
deadly explosion killed six people earlier in the week, until
further notice.
Becle said in a statement that it has been supporting the
families of those who died.
Turning to the financial impact of the fire, CEO Juan
Domingo Beckmann told a conference call that damage had been
contained to one part of the site and that Becle did not
anticipate material financial impact.
"We were fortunate that the damage itself was quite limited
from an asset perspective," Beckmann told analysts, saying the
initial assessments indicated it was limited to a processing
area in La Rojena plant where a 500,000-litre tank caught fire,
triggering a fire in three others according to emergency
services.
Six people were killed and several other workers injured in
the blast, the company and state civil protection said.
Becle said that while it did not anticipate difficulties in
starting up the plant again, safety remained a key priority.
The town of Tequila, home to several distilleries of the
agave spirit, is a popular tourist destination about an hour's
drive northwest of Guadalajara, Mexico's second largest city.
Beckmann spoke in an call following Becle's second-quarter
earnings, which saw shares rise as much as 5% in morning trading
thanks to a 20% jump in core earnings, even as net profit
slumped due to slow sales outside the United States and Canada.
"We have said that Becle will be a margin story going
forward, and we believe that these results are the continuation
of that," analysts at Itau BBA said.
Tequila has been growing in popularity notably in the United
States, where together with mezcal, industry groups estimate it
is the second best-selling spirit after vodka as the country's
market brought in some $6.5 billion last year.
Becle added that it expects more favorable prices for agave,
a plant used to make tequila, in the coming quarters.