Power Cement Limited (POWER) has informed that the new line III of the company’s plant is expected to resume operations by the end of April 2022.
According to the notice issued to PSX, a component of the new Line III of the company’s plant, fully covered under warranty, was damaged at the end of January 2022.
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 II and is further supporting its operations by the purchase of clinker locally. Despite this occurrence, the company remained operational, and dispatches continued throughout.
The notice said that any further updates will be shared in due course of time.