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Baluchistan Wheels to halt production for two weeks due to low demand

RMS Limited extends offer deadline for 63.56% stake in BWHL by 90 days
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August 17, 2023 (MLN): The management of Baluchistan Wheels Limited (PSX: BWHL) has decided to temporarily close/stop the production activities on account of non-production days from Friday, August 18, 2023, to Thursday, August 31, 2023, the companys' notice to the PSX showed today.

This is attributed to the reduction in production volumes of the company's major customers/OEMs, due to which the company is facing a drop in its sales orders.

The production activities of the company will resume on Friday, September 01, 2023.

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Posted on: 2023-08-17T15:36:28+05:00