FFBL shuts down its DAP plant

By MG News | December 22, 2022 at 11:59 AM GMT+05:00

0:00

December 22, 2022 (MLN): Fauji Fertilizer Bin Qasim Limited (FFBL) has shutdown its DAP plant on December 21, 2022 to more efficiently manage its DAP inventory owing to demand and supply situation in the market.

As per the notice issued to PSX the company stated, “During the shutdown period, planned annual maintenance activity will be carried out in January 2023 to ensure reliability and sustainable safe operations at the plant.”

Furthermore, after the completion of annual maintenance, the startup of DAP plant will commence based on the DAP market situation.

Notwithstanding the temporary closure, FFBL intends to meet the projected DAP demand in the country, however, the Urea plant is operating normally, it added.

To note, FFBL is mainly involved in manufacturing and distribution of chemical fertilizers for the farmers and agriculture sector of Pakistan, and it is the only manufacturer of DAP and Granular Urea in Pakistan.

At the time of writing, the scrip of the company is being traded at Rs14.65, which is up by 20 paisa or 1.38% DoD.

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