GTYR to suspend plant operations for utility line work

MG News | November 26, 2024 at 12:51 PM GMT+05:00

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November 26, 2024 (MLN): Ghandhara Tyre & Rubber Company Limited (PSX: GTYR) informed market participants today that the company's boiler will be shut down due to planned work on the utility line at the factory.

Consequently, the company has decided to temporarily suspend plant operations from Wednesday, November 27, 2024, to Monday, December 02, 2024.

However, the company does not foresee any adverse impact on its sales, as all Regional Offices will remain operational, ensuring the continued supply of tyres to the customers.

"GTYR will promptly resume operations once the work is completed and will keep the Exchange and stakeholders informed of any material updates in this regard," the company's notice to PSX concludes.

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