Indus Motor shuts down plant amid supply chain disruption

MG News | July 20, 2023 at 03:53 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

July 20, 2023 (MLN): Indus Motor Company Limited (PSX: INDU) has decided to completely shut down its plant from July 21 to August 03, 2023, amid supply chain disruptions, the company’s filing on PSX revealed today.

INDU 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,” the notice reads.

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

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	168,155.49 146.93M	-0.29% -481.36
ALLSHR	101,821.25 491.54M	-0.27% -275.83
KSE30	50,151.61 66.23M	-0.22% -111.06
KMI30	240,694.06 56.00M	-0.34% -821.69
KMIALLSHR	65,906.19 236.46M	-0.35% -230.83
BKTi	46,796.32 10.20M	-0.20% -94.16
OGTi	34,362.14 4.89M	0.39% 134.82

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	84,740.00	85,075.00 84,680.00	150.00 0.18%
BRENT CRUDE	102.61	103.04 98.40	0.30 0.29%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	0.50 0.39%
ROTTERDAM COAL MONTHLY	140.00	143.25 140.00	-3.90 -2.71%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	91.26	93.51 88.06	-1.61 -1.73%
SUGAR #11 WORLD	19.91	19.96 18.93	0.97 5.12%