Karachi October 18 2023: Pak Suzuki Motor Company Limited (PSMC) temporarily shut its plant for three days on inventory shortages, according to company filing to the exchange.
"Due to shortage of inventory level the management of the company has decided to shut-down automobile plant from October 25, 2023 to October 27, 2023. However, motorcycle plant will remain operative" states company filing.
Pak Suzuki Motor Company Limited was incorporated in Pakistan as a public limited company in August 1983. The Company was formed in accordance with the terms of a joint venture agreement concluded between Pakistan Automobile Corporation Limited and Suzuki Motor Corporation, Japan (the Holding Company). The Company is engaged in the assembling, progressive manufacturing and marketing of Suzuki cars, pickups, vans, 4x4s and motorcycles and related spare parts.