Production suspended: Ghani Chem says inventory available for sales
KARACHI: Ghani Chem World Limited has clarified that it holds sufficient inventory to meet domestic sales requirements despite the suspension of its production activities due to disruptions affecting export orders and maritime routes in the Gulf. In a clarification submitted to the Pakistan Stock Exchange (PSX), the company said its existing inventory remained available for sale in the domestic…
KARACHI: Ghani Chem World Limited has confirmed that it possesses enough inventory to satisfy domestic sales demand, even though its production has been halted due to disruptions impacting export orders and Gulf maritime routes. The company disclosed this information to the Pakistan Stock Exchange (PSX) in a statement. Ghani Chem emphasized that the halt in manufacturing should be considered alongside the presence of its existing stock.
The company explained that export activities were anticipated as a key driver for its business and growth. However, the ongoing issues in the Gulf region, such as maritime route disruptions and port congestion, have adversely affected both exports and imports, resulting in the suspension of production. Ghani Chem World stated its intention to sell its surplus inventory in the local market during the production suspension.
The company noted that despite the suspended production, the existing stock would offer a foundation for domestic sales, contingent upon market demand and conditions. Ghani Chem World pledged to inform shareholders via the PSX once production resumes and will provide updates on any further significant developments as necessary.
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