S Alam Group's decision to close factories withdrawn

  • Staff Correspondent, Barta24.com
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S Alam Group's decision to close factories withdrawn

S Alam Group's decision to close factories withdrawn

S Alam Group decided to close 9 factories a week ago for lack of raw materials due to inability to open letters of credit (LC). However, the industrial group withdrew the decision to close the factories and issued a notice.

On Tuesday (December 31), the industrial group's human resources and administration department head Mohammad Borhan Uddin withdrew the factory closure notice.

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The notice said that following the decision of the management authority, it is hereby informed for the information of all officers and employees that the factory closure notice given on December 24 has been withdrawn. This will be effective from Wednesday (January 1).

The factories mentioned are - S Alam Refined Sugar Industries Limited in Karnaphuli, S Alam Power Plant Limited in Ichanagar, S Alam Cold Rolled Limited, S Alam Cold Rolled Steel Knof, S Alam Power Generation Limited, Infinity CR Strips Industries Limited, Chemon Ispat Limited, S Alam Bags and S Alam Steel.

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