SAZEW to temporarily shut down four-wheeler plant

MG News | February 24, 2023 at 04:28 PM GMT+05:00

0:00

February 24, 2023 (MLN): Sazgar Engineering Works Limited (PSX: SAZEW), a leading automotive company in Pakistan has decided to temporarily shut down its Four Wheeler Plant starting from February 27, 2023, until March 04, 2023, the company filing on PSX showed today.

The decision was made due to the disruption in the supply chain caused by the government's strict measures to minimize the import of Completely Knocked Down (CKD) and raw materials of vehicles.

The company's Three-Wheeler and Automotive Parts manufacturing plants, however, will remain operational during this period.

SAZEW is committed to ensuring that the production and supply of these products continue uninterrupted.

The company's management has assured its shareholders and stakeholders that any further updates on the matter will be promptly communicated to the Pakistan Stock Exchange.

SAZEW has been a major player in the automotive industry in Pakistan, producing high-quality vehicles and parts for both the domestic and international markets.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	168,574.69 656.55M	-0.52% -877.17
ALLSHR	102,171.28 1,286.73M	-0.37% -383.53
KSE30	51,175.35 148.55M	-0.55% -285.30
KMI30	242,103.96 144.37M	-0.49% -1186.31
KMIALLSHR	66,703.76 555.89M	-0.35% -232.12
BKTi	45,175.98 30.92M	-0.59% -266.36
OGTi	33,498.14 16.43M	0.45% 149.02

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	90,325.00	92,800.00 89,440.00	-2460.00 -2.65%
BRENT CRUDE	61.15	62.63 60.94	-1.06 -1.70%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	0.95 1.06%
ROTTERDAM COAL MONTHLY	96.50	96.50 96.40	0.25 0.26%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	57.39	58.94 57.18	-1.07 -1.83%
SUGAR #11 WORLD	14.92	14.99 14.84	0.01 0.07%