Aziz Pipes shuts factory for financial crisis
Aziz Pipes, a listed PVC product producer, closed its factory due to the lack of working capital, financial crisis and liable loan, raw material crisis and lack of reserve.
The board of the pipe and door maker took the decision of closure until the situation becomes normal and favourable.
In a Dhaka Stock Exchange (DSE) disclosure, the company today informed about the factory closure. The stocks of Aziz Pipes dropped 5.22 per cent to Tk 96.30 at the DSE.