Sitara Peroxide Limited (PSX: SPL) has made the decision to temporarily halt its production activities for a period of two weeks, as announced by the company to the Pakistan Stock Exchange on Friday.
Raw Material Shortage Prompts Temporary Production Stoppage
Due to the unavailability of raw materials and chemicals, the management of Sitara Peroxide Limited has taken the step to temporarily cease production activities with immediate effect. This announcement was made in a stock filing by SPL.
Hopes for Improvement and Resumption of Production
While temporarily halting production, the management remains hopeful that the current situation will improve within the next two weeks, enabling the company to resume its production activities.
