Shanghai Pret Composites Receives $5 Million Insurance Payout

MT Newswires Live

2025/11/03

Shanghai Pret Composites (SHE:002324) U.S. subsidiary PRET Advanced Materials , has received a $5 million insurance payout following a June 2023 fire at its South Carolina facility.

The accidental fire damaged parts of two production lines but caused no injuries and had only a minor effect on capacity, according to a Monday filing with the Shanghai bourse.

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