IMCL announces plant closure
KARACHI: Indus Motor Company Limited (IMCL) announced on Tuesday that it would close its production plant for seven days due to ongoing supply chain disruptions.
"Given the current low level of inventory of manufactured vehicles, and the shortage of parts and components for vehicle manufacturing due to supply chain challenges, the company has decided to close its production plant from 2nd May 2024 to 8th May 2024," the company said in a statement to the Pakistan Stock Exchange.
The company previously closed its plant for six days in March for similar reasons.Pakistan's automakers are facing difficulties due to rising prices and shortages of raw materials. Other companies, such as Pak Suzuki Motors and Honda Cars, have also encountered similar situations, leading to several production facility shutdowns.
-
Katie Price Seen With New Hubby Lee Andrews Weeks After Tying The Knot -
Biggest Order Yet Issued Against Andrew Mountbatten-Windsor: King Charles You Have To’ -
ByteDance’s Seedance 2.0 Marks New Era Of Cinematic AI-generated Videos: Here’s How -
Struggling With Obesity? Here's How To Manage It -
How Epstein Scandals Are Impacting King Charles’ Healing As Stress Refuses To Relent: ‘Could Spell His End’ -
Ciara, Russell Wilson Become Matchmakers For Pals? -
Why Prince William Releases Statement On Epstein Scandal Amid Most 'challenging' Diplomatic Trip? -
Historic Mental Health Facility Closes Its Doors -
Top 5 Easy Hair Fall Remedies For The Winter -
Japan Elections: Stock Surges Record High As PM Sanae Takaichi Secures Historic Victory -
Prince William, Kate Middleton Finally Address Epstein Scandal For First Time: 'Deeply Concerned' -
Kim Kardashian Promised THIS To Lewis Hamilton At The 2026 Super Bowl? -
Andrew Mountbatten-Windsor Throws King Charles A Diplomatic Crisis -
Barack Obama Hails Seahawks Super Bowl Win, Calls Defense ‘special’ -
Pregnant Women With Depression Likely To Have Kids With Autism -
$44B Sent By Mistake: South Korea Demands Tougher Crypto Regulations