BWHL again extends closure of production activity till January 6, 2023

MG News | December 30, 2022 at 09:46 AM GMT+05:00

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December 30, 2022 (MLN): Baluchistan Wheels Limited (BWHL) has further extended the date for the closure of production activity till January 6, 2022 due to depressed demand of autos in market, BWHL issues notice to PSX on Friday.

Earlier company issued notices on 9th and 23rd December 2022 about the temporary closure of production activities due to drop in our sales orders from the OEM’s owing to depressed demand of autos.

To note, the BWHL is engaged in manufacturing and marketing of automotive wheel rims for trucks, buses, tractors, cars and mini commercial vehicles.

At the time of writing, the scrip of the company is being traded at Rs71.

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