Reduced customer demand forces AGIL to observe partial shutdown

MG News | September 01, 2023 at 09:53 AM GMT+05:00

0:00

September 01, 2023 (MLN): On the back of a reduction in production volumes of the major customers, Agriauto Industries Limited (PSX: AGIL) will be observing a partial shutdown during the month of September 2023.

Agriauto Stamping Company Pvt. Ltd., the wholly owned subsidiary of the company will also observe partial shutdown in September 2023 owing to the reasons stated above.

The company is engaged in the manufacture and sale of components for automotive vehicles, motorcycles and agricultural tractors.

At the time of writing, the scrip of the company is being traded at Rs54.67, down by Rs4.33 compared to the previous close.

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