Karachi April 11 2022: A component of the new Line III of the Power Cement plant, fully covered under warranty, was damaged at the end of January 2022 , according to the company’s filling to the exchange.
Due to the warranty coverage and the availability of the stock sufficient to cover over two-months' sales, no adverse financial impact was anticipated. The planned periodic maintenance of the plant was also performed during this period.
The vendor has now reported a delay in the supply of the damaged component. The Company is presently operating through Line Il and is further supporting its operations by the purchase of clinker locally. Despite of this occurrence the Company remained operational and dispatches continued throughout.
Line III is expected to resume operations by the end of April, 2022.