Why did Indus Motor Company Limited temporarily close its production plant for two weeks?
a) The company is facing challenges in importing raw materials, leading to disruptions in the supply chain.
b) The company is facing labor strikes and protests at the plant.
c) The company is undergoing a financial restructuring process.
d) The information does not provide specific details about the reason.
b) The company is facing labor strikes and protests at the plant.
c) The company is undergoing a financial restructuring process.
d) The information does not provide specific details about the reason.
Details:
Indus Motor Company Limited, a prominent player in Pakistan's automotive industry and the manufacturer of Toyota vehicles, has temporarily closed its production plant for two weeks, The News reported Friday (21-7-23).
The decision comes as the company faces significant hurdles in importing raw materials, leading to disruptions in its supply chain.
Last month, Indus Motors experienced a brief shutdown of its production plant due to similar challenges with raw material imports.
However, the current situation has worsened, leaving the company with insufficient inventory levels to sustain its production activities.
