LAHORE MIRROR — Pak Suzuki Motor Co Limited has announced an extension in its bike plant’s closure for another week, blaming a shortage of inventory level.
The company had earlier announced non-production days at the plant from May 23 to June 10 but now has extended till June 16.
The decision came as a result of a persistent shortage of raw materials, which was communicated in a statement released to the Pakistan Stock Exchange.
“Due to a shortage of inventory level, the management of the company has decided to shut down the motorcycle plant from June 12, 2023, to June 16, 2023. However, the automobile plant will remain operative,” the company secretary of PSMC Abdul Nasir said in the notice.
The recent shutdown follows a previous closure in May, where both the motorcycle and automobile plants were shut down for more than a week.
