PSMC shuts down motorcycle plant again

MG News | September 19, 2023 at 02:58 PM GMT+05:00

0:00

September 19, 2023 (MLN): Pak Suzuki Motor Company Limited (PSX: PSMC) has decided to shut down its motorcycle plant from September 20 to September 22, 2023, as revealed in the company's latest filing on PSX.

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.

Notably, this comes after the motorcycle plant had been shut down till 15 of this month.

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

NICL's profit doubles to Rs2bn, declares 20% dividend

PSX issues revised calendar for Government Ijarah Saukuk auction

Major Solar installation completed at Kohinoor Mills facility

Name	Price/Vol	%Chg/NChg
KSE100	156,180.94 423.57M	0.51% 796.43
ALLSHR	95,690.82 1,354.89M	0.59% 557.25
KSE30	47,714.39 199.12M	0.52% 247.40
KMI30	229,722.09 134.66M	0.91% 2076.87
KMIALLSHR	64,420.07 581.33M	0.83% 532.01
BKTi	41,969.52 122.61M	0.50% 207.74
OGTi	31,991.76 10.82M	1.18% 372.62

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,285.00	117,365.00 117,205.00	195.00 0.17%
BRENT CRUDE	68.49	68.69 67.01	1.05 1.56%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	93.35	93.50 93.15	0.50 0.54%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	64.53	64.59 64.46	0.01 0.02%
SUGAR #11 WORLD	15.88	16.10 15.82	-0.12 -0.75%