Frequent fire incidents in Mozaffar Hossain Spinning Mills has led the factory into a total loss of Tk21.5 crore.
In the last four months, three fire accidents occurred in the 21-year-old factory.
The latest of the fire incident took place on 26 February in its new spinning warehouse causing a loss of Tk15 crore.
The new unit came into operation in January. The installed capacity of its spinning was 20,000 kilograms a day, said Haris Alam, company secretary of Mozaffar Hossain Spinning Mills.
Haris told The Business Standard, "The firm has been running since 2000. The age of its spinning section is around 12 years, which is running without any hazards for a long time."
"Spinning processing is very risky. We are very careful about it. However, any accident is not desirable."
About the latest fire incident, he said, "There was no electric connection at the place of the fire. We don't know how it happened. "
The latest fire at the new spinning warehouse (ring unit) brought an approximate loss of Tk15 crore, the company said in a statement on Sunday, adding that it took 6-7 hours to douse the flame.
All raw cotton, finished yarn and warehouse shed are under insurance coverage and a surveyor appointed by the insurer is doing the survey, it added.
Earlier on 12 February, another fire originated in the rotor unit of the factory, burning raw cotton processing area as well as some machines used for processing. The loss was estimated to be Tk1.50 crore.
On 11 November last year, another fire gutted the ring unit of the factory, which damaged raw cotton stock and initial processing area, incurring a loss of Tk5 crore.