Ghandhara issues progress report on Brownfield project

October 16, 2018 (MLN):  Ghandhara Nissan Limited has presented the project progress report on its Brownfield project in its latest notification issued to Pakistan Stock Exchange.

According to the report, the company has been awarded “Category-B Brownfield Investment Status" by the Ministry of Industries and Production under the Automotive Development Policy 2016-21, for manufacturing of Datsun passenger cars.

In parallel, the Company is also going for capacity enhancement to cater the increase in existing operations of the Company.

Currently, the Company along with Nissan Motor Co. Ltd, Japan (NML) team is working on localization of parts. NML teams have visited the local suppliers to evaluate their quality and capacity, however, majority of the local suppliers have not been able to qualify as per the global standards set by NML.

Accordingly, and the company is exploring options to meet this challenge. In this context, NML has also suggested supplier improvement/ rank up program, which is still under discussion.

Moreover, NML engineering team has also visited GNL plant to assess the technicalities vis-a-vis project specific as well as capacity building requirements.

Cognizant of the significant impact of changes in macro-economic factors (especially FOREX, discount rates, etc.), the company is striving to address the challenges.

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