Crescent Fibres shuts Nooriabad unit temporarily

MG News | November 12, 2025 at 03:32 PM GMT+05:00

0:00

November 12, 2025 (MLN): Crescent Fibres Limited (PSX: CFL) operates two spinning units located at Nooriabad, Sindh, and Bhikki, Punjab.

Owing to unfavourable market conditions, the management has decided to temporarily suspend operations at the Nooriabad unit, while the Bhikki unit continues to operate, according to the filing on the Pakistan Stock Exchange (PSX).

The company is evaluating various strategic alternatives to resume normal operations and restore profitability.

Crescent Fibres remains focused on adopting sustainable operational measures to navigate current market conditions and ensure long-term business stability.

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