Attock Cement, Akzo Nobel curtail operations amid provincial govt lockdown

• Attock Cement Pakistan Limited has decided to temporarily/partially suspend the plant with immediate effect.
• Akzo Nobel Pakistan Limited has stopped its operations with immediate effect including plant and offices till 6th April 2020.

Cement manufacturer, Attock Cement Pakistan has joined the list of companies that have shut down their operations, after the company announced to partially suspend its plant on Wednesday.       

“In view of the prevailing lockdown announced by the Governments of Sindh and Balochistan in order t control the spread of COVID-19 the management of Attock Cement Pakistan Limited has decided to temporarily/partially suspend the plant with immediate effect,” the company stated, in its filing to the Pakistan Stock Exchange (PSX).

The company added that it will inform the stock exchange on the restart of its plant operations.

Furthermore, Akzo Nobel Pakistan Limited the paints and coating company has also announced to shut down its operations till 6^th April.

“In accordance with section 96 of Securities Act 2015 and Clause 5.6.1(a) of PSX Regulation we hereby convey the following material information: In compliance with directives of provincial governments to contain the spread of COVID-19 across provinces, Akzo Nobel Pakistan Limited has stopped its operations with immediate effect including plant and offices till 6th April 2020,” stated the company in its filing to the bourse.

The General Tyre and Rubber Company of Pakistan Limited announced that it has closed its operations including the factory and other regional offices throughout Pakistan until further notice or clarification to be provided by the Provincial Governments.

Earlier, Pakistan automobile assembler Indus Motor Company Limited (IMCL), Pak Suzuki Motors Company Limited (PSML) and Yamaha Motor Pakistan (YMP), on Monday announced to shut plants and offices during the lockdown in Sindh.