Sitara Peroxide closes operations for BMR
- Says management was taking emergent measures to control erosion
Sitara Peroxide Limited (SPL) announced on Thursday the closure of its operations for “envisaged balancing, modernisation and replacement (BMR)”.
The chemical manufacturer shared in a notice to the Pakistan Stock Exchange (PSX) today.
The notice said that the management was taking emergency measures to control erosion resulting in leakages of highly inflammable and valuable chemicals due to a sudden change in the weather.
The company is diverting all resources towards preventive measures and is informing all the stakeholders, Sitara Peroxide said.
“All safety, emergency, and environmental response protocols are being fully activated for the safety of plant & machinery, employees, environment on top priority.”
Loss-making chemical maker in Pakistan pegs revival hopes on BMR
Sitara Peroxide Limited was incorporated in Pakistan as a public limited Company under the Companies Ordinance, 1984.
The principal activity of the company is the manufacturing and sale of hydrogen peroxide (H2O2) and Sitara Safe (disinfectant).
Comments
Comments are closed for this article.