Aruj Industries temporarily halts production amid economic challenges

MG News | July 19, 2024 at 12:34 PM GMT+05:00

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July 19, 2024 (MLN): Aruj Industries Limited (PSX: ARUJ) has decided to temporarily cease production activities until further notice.

The company shared the development in its notice to the Pakistan Stock Exchange (PSX) on Friday.

"Due to current economic conditions, low sales, and operational capital constraints, the company is facing losses. Therefore, the management has decided to temporarily halt production activities until further notice," reads the notice.

Aruj Industries is principally engaged in the manufacturing of fusible interlining and dyeing/bleaching/stitching of fabric.

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