HCAR forced to shut down production amid supply chain disruption

MG News | October 18, 2023 at 03:22 PM GMT+05:00

0:00

October 18, 2023 (MLN): Honda Atlas Cars (Pakistan) Limited (PSX: HCAR) will be shutting down its plant from October 24, 2023, to October 31, 2023, the company's filing on local bourse revealed today.

In a notice sent to PSX today, the company stated that the current level of inventory and parts of the company's supply chain have been severely affected.

As a result, HCAR will have to observe a partial shutdown.

"In case of any change in plan will be updated accordingly," the notice further reads.

The company’s principal activities are assembling and progressive manufacturing and sale of Honda vehicles and spare parts.

At the time of writing, the company's share is being traded at Rs.156.50, down by 4.68 rupees or 2.9% DoD.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	157,496.10 196.19M	-2.30% -3714.58
ALLSHR	94,227.01 359.74M	-1.95% -1870.28
KSE30	48,330.20 95.67M	-2.92% -1451.54
KMI30	224,687.33 101.59M	-2.56% -5909.78
KMIALLSHR	60,839.09 199.88M	-2.16% -1344.18
BKTi	45,489.96 23.93M	-2.22% -1033.26
OGTi	32,083.47 15.22M	-1.82% -594.75

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	68,400.00	71,645.00 67,860.00	-3130.00 -4.38%
BRENT CRUDE	93.32	94.64 83.16	7.91 9.26%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-11.85 -10.65%
ROTTERDAM COAL MONTHLY	127.00	129.00 123.00	3.55 2.88%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	91.27	92.61 78.24	10.26 12.67%
SUGAR #11 WORLD	14.09	14.17 13.69	0.37 2.70%