PSMC extends motorcycle plant shutdown to September 15

MG News | September 14, 2023 at 09:54 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

September 14, 2023 (MLN): Pak Suzuki Motor Company Limited (PSX: PSMC) has decided to extend the shutdown of its motorcycle plant to September 15, 2023, as revealed in the company's latest filing on PSX.

Notably, this comes after the motorcycle plant had been shut down till September 12, 2023.

The above decision is due to a shortage of inventory levels.

However, the automobile plant of PSMC will remain operative.

“Further update, if any, in this regard will be communicated accordingly,” the notice further reads.

PSMC is engaged in the assembling, progressive manufacturing, and marketing of Suzuki cars, pickups, vans, 4x4s motorcycles, and related spare parts.

Copyright Mettis Link News

Related News

Archroma Pakistan profit jumps 67% to Rs2bn

Indus Motor profit rises 10% to Rs7bn, declares Rs56 dividend

Kohat Cement 1QFY27 profit rises 13% to Rs3bn

Name	Price/Vol	%Chg/NChg
KSE100	164,775.93 52.27M	0.19% 308.72
ALLSHR	99,909.77 166.87M	0.18% 179.86
KSE30	48,561.80 19.84M	0.25% 119.40
KMI30	236,585.10 17.50M	0.40% 951.57
KMIALLSHR	64,655.25 70.01M	0.21% 134.11
BKTi	45,288.51 2.64M	-0.09% -40.32
OGTi	33,545.50 0.50M	-0.04% -15.04

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	80,830.00	81,360.00 80,530.00	85.00 0.11%
BRENT CRUDE	115.72	116.06 114.11	1.84 1.62%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	0.55 0.43%
ROTTERDAM COAL MONTHLY	146.75	146.75 146.75	-0.50 -0.34%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	101.53	101.64 99.75	1.63 1.63%
SUGAR #11 WORLD	19.20	19.42 19.03	0.10 0.52%