Business
Three firms announce temporary shutdowns
字号+ Author:Smart News Source:US 2025-01-13 11:44:45 I want to comment(0)
KARACHI: Indus Motor Company (IMC) on Friday announced suspension of production from Nov 18 to 20 due to parts shortage. In a stock filing on Friday, IMC said it is currently experiencing a shortage of raw materials and components, compounded by ongoing supply chain disruptions. “The company is facing challenges in sourcing the necessary parts, which has impacted its ability to meet production requirements,” it added. Despite plant closures, sales swelled by 56pc to 8,692 units in 4MFY25 from 5,558 in the same period last year. Balochistan Glass Ltd (BGL) said that the production at Unit 1, located in Hub District Lasbela, was temporarily suspended due to technical issues. “Production will resume once the technical issues are resolved,” the company announced through a stock filing. Lotte Chemical informed the PSX of the suspension of plant operations from Nov 16 to Dec 15 to efficiently manage inventory together with planned maintenance shutdown.
1.This site adheres to industry standards, and any reposted articles will clearly indicate the author and source;
Related Articles
-
Seven FC men martyred, 18 injured in Kalat terrorist attack
2025-01-13 11:11
-
OpenAI announces restructuring plan to create public benefit corporation, raise capital
2025-01-13 10:43
-
Apple adds ChatGPT to iPhone boosting AI capabilities
2025-01-13 10:34
-
Telegram promotes extremism, new study reveals
2025-01-13 09:01
User Reviews
Recommended Reads
Hot Information
- Death toll in Kurram passenger vans attack rises to 42; more than 30 injured
- ‘Negative time’ observed in breakthrough quantum experiments
- Pakistan's internet speed set to 'improve' with new undersea cable
- WhatsApp releasing group chat mention in status updates
- At the crossroads
- What festive new feature is WhatsApp rolling out?
- Telegram promotes extremism, new study reveals
- WhatsApp releasing playback speed for videos
- Multan Ghanta Ghar preservation project launched
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content