Diamond Industries temporarily halts operations amid absence of raw material
Business
Diamond Industries temporarily halts operations amid absence of raw material
KARACHI (Web Desk) - Leading foam manufacturer Diamond Industries Limited has suspended its operations on a temporary basis with effect from January 10
The company cited an adverse economic situation in Pakistan and unavailability of imported raw material behind the move.
The company shared the development in a notice to the Pakistan Stock Exchange (PSX).
“Due to adverse economic conditions in the country and non-availability of imported raw material, the company has suspended its manufacturing operations for a short term with effect from Tuesday, January 10, 2023, till further notice subject to the availability of imported raw material in the country,” read the notice.
