In response to the aftermath of the post-coronavirus financial crisis and prevailing global economic challenges, a recent announcement from the Standard Ceramics reveals a temporary halt in production at its factory.
The decision is attributed to a confluence of factors, including the scarcity of raw materials, disruptions in the global supply chain, and the closure of gas and electricity supplies. Consequently, the factory will remain inactive from January 26, 2024, until normalcy is restored in gas and electricity provision.
Amidst the complex web of challenges, the company’s authority has deemed it necessary to enact a temporary closure, prioritizing the resumption of operations once the essential utilities are readily available. This strategic move is aimed at mitigating the adverse effects of the ongoing global economic downturn on the company’s manufacturing processes.
In the interim, stakeholders are urged to monitor developments closely, particularly the restoration of gas and electricity supplies, as these factors are pivotal to the resumption of normal business operations. The Standard Ceramics remains committed to weathering the current economic storm and anticipates a swift return to full-fledged production once the necessary conditions are met.
