Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

Indus Motor shuts down plant amid supply chain disruption

Indus Motor’s profit rises 31%
Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

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

Posted on: 2023-06-23T15:07:14+05:00