Indus Motor shuts down plant amid supply chain disruption

MG News | June 23, 2023 at 03:07 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

June 23, 2023 (MLN): Indus Motor Company Limited (PSX: INDU) has decided to completely shut down its plant from June 26 to June 27, 2023, amid supply chain disruptions, a notice issued by the company to PSX on Friday showed.

The company and its vendors are facing significant hurdles in importing raw materials and receiving clearance for their consignments from commercial banks.

This has disrupted the entire supply chain and the vendors cannot supply raw materials and components to the company.

Accordingly, the notification read that the company has insufficient inventory levels and cannot continue its production activities.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	172,642.16 225.24M	-0.57% -993.92
ALLSHR	104,658.41 715.45M	-0.71% -746.89
KSE30	51,414.64 68.61M	-0.56% -288.52
KMI30	246,107.08 95.44M	-0.57% -1413.60
KMIALLSHR	67,826.46 385.67M	-0.56% -379.57
BKTi	48,132.23 23.42M	-0.63% -306.61
OGTi	35,082.07 7.07M	-0.26% -91.25

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	78,690.00	80,800.00 77,725.00	-1365.00 -1.71%
BRENT CRUDE	97.70	99.46 96.78	0.70 0.72%
RICHARDS BAY COAL MONTHLY	130.00	130.00 130.00	2.40 1.88%
ROTTERDAM COAL MONTHLY	140.00	0.00 0.00	2.25 1.63%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	92.70	94.73 90.87	1.22 1.33%
SUGAR #11 WORLD	18.03	18.45 17.89	-0.04 -0.22%