Leaching foreign company, Archroma Pakistan, has expressed its inability to manufacture and supply goods due to delays in the delivery of raw material from global suppliers of raw materials, and has officially declared Force Majeure.
According to stock filing,
During the last few weeks, Archroma has been informed by some of the global raw materials suppliers, affected by such supply chain disruptions, and have also declared force majeure, due to the abovementioned situation. The notification added,
Archroma Pakistan made a tremendous profit so far in 2021 as its profit stood at Rs. 14.8 billion in the first nine months compared to Rs. 11.58 billion during the corresponding period of the same year. It produces different categories of chemicals for textile and other sectors.
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