PAKISTAN
Bolan Castings Limited has announced a temporary shutdown of its production activities from Monday, April 28 to Friday, May 9, 2025, due to a significant drop in orders from its customers. The company disclosed this development in a notification sent to the Pakistan Stock Exchange (PSX) under Section 96 and 131 of the Securities Act, 2015, and Rule 5.6.1(a) of the PSX Rule Book.
In the disclosure, the company’s management cited a drastic decline in sales, prompting the decision to pause manufacturing operations as a cost-management measure. Stakeholders have been requested to inform the TRE Certificate holders of the exchange accordingly.
This move reflects growing concerns within the manufacturing sector, particularly those serving automotive and industrial markets, as companies continue to face fluctuating demand and market uncertainties.
Bolan Castings Limited (BCL) is one of Pakistan’s leading manufacturers of precision cast iron components. The company supplies high-quality automotive, agricultural, and industrial parts, such as engine blocks, cylinder heads, brake drums, and transmission components, primarily for original equipment manufacturers (OEMs). BCL plays a vital role in supporting the local engineering and auto industries by providing critical parts for both domestic and export markets.
The temporary production halt may affect short-term deliveries but is expected to resume as market conditions stabilize. – Engineering Review
