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Diamond Foam Makers Halt Manufacturing in Pakistan



Diamond Foam

Diamond Industries Restricted (PSX: DIIL) has suspended its manufacturing operations until additional discover.

In a inventory submitting, DIIL stated it has suspended its manufacturing operations for a brief time period with impact from Tuesday, January tenth, 2023, until additional discover, topic to the provision of imported uncooked materials within the nation.

The corporate has cited antagonistic financial circumstances and the non-availability of imported uncooked supplies as the explanations for right this moment’s moratorium.

DIIL was included in 1984 as a personal restricted firm on June 18, 1989, within the title of Diamond Industries (Pvt.) Restricted. The principal exercise of the corporate is to fabricate and promote foam merchandise and PVA merchandise consumed within the trade and domestically.

The corporate’s scrip on the bourse closed at Rs. 38.50, down 0.18 % or Rs. 0.07 on Tuesday.





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