THCCL denies competitor's false claims of plant shutdown

By MG News | November 21, 2024 at 03:20 PM GMT+05:00

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November 21, 2024 (MLN): Thatta Cement Company Limited (PSX: THCCL) has denied false information spread by one of its competitors regarding the shutdown of its plant.

In a notice to the PSX, the company stated that the competitor made this false claim during their Corporate Briefing session on November 20, 2024.

"We categorically deny these rumors and wish to clarify that the information circulating is inaccurate," the notice reads.

The management further urged all stakeholders to disregard any such news regarding the alleged abrupt shutdown of our plant, whether broadcast on electronic media, published in newspapers, magazines, or any other platform, unless officially confirmed by an authorized representative of the company through the appropriate channels.

THCCL also confirmed that it has been successfully using local coal for the past three years without any adverse effects on the cement plant. Furthermore, the plant is fully operational, and no abrupt shutdown has occurred.

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