Bolan Castings suspends production amid slump in orders
MG News | August 09, 2024 at 12:26 PM GMT+05:00
August 09, 2024 (MLN): The management of Bolan Castings Limited (PSX: BCL) has decided to temporarily halt the production activities of the company from Monday, August 12, 2024 till Friday, August 16, 2024.
BCL issued a notice to the Pakistan Stock Exchange (PSX) to inform market participants of this decision.
The company stated that it is facing a drastic drop in sales due to a decrease in orders from customers, which is why it has decided to stop production.
BCL manufactures and sells casting for tractors and automotive parts and is a subsidiary of Millat Tractors Limited.
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