HCAR plant shutdown continues: Production is delayed again

MG News | April 28, 2023 at 12:04 PM GMT+05:00

0:00

April 28, 2023 (MLN): The management of Honda Atlas Cars (Pakistan) Ltd (PSX: HCAR) has decided to extend the plant shutdown till May 15, 2023, owing to the current economic situation of Pakistan whereby the government resorted to stringent measures including restricting the opening of LCs for import of CKD kits, raw materials and halting foreign payments.

Thus, the company's supply chain has also been severely disrupted by such measures.

As a result, the company is not in a position to continue with its production and ultimately has continued to shut down its plant.

Copyright Mettis Link News

Related News

Crescent Star Insurance resumes 'Guarantee Business'

Bawany Air Products back on PSX Normal Counter

Sitara Peroxide narrows annual loss by 77%

Name	Price/Vol	%Chg/NChg
KSE100	139,962.23 130.39M	1.12% 1549.98
ALLSHR	86,708.58 267.26M	1.17% 1005.62
KSE30	42,772.92 70.87M	1.23% 518.07
KMI30	197,250.31 74.60M	1.62% 3140.72
KMIALLSHR	57,558.50 136.18M	1.49% 844.83
BKTi	38,152.56 8.55M	0.85% 321.22
OGTi	28,491.18 33.26M	3.83% 1050.54

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	119,515.00	119,615.00 117,905.00	1895.00 1.61%
BRENT CRUDE	72.42	72.82 72.16	-0.82 -1.12%
RICHARDS BAY COAL MONTHLY	96.50	0.00 0.00	2.20 2.33%
ROTTERDAM COAL MONTHLY	104.50	104.50 104.50	-0.30 -0.29%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	70.05	70.41 69.80	0.05 0.07%
SUGAR #11 WORLD	16.46	16.58 16.37	-0.13 -0.78%