Sitara Peroxide closes operations for BMR

Sitara Peroxide Limited (SPL) announced on Thursday the closure of its operations for “envisaged balancing, modernisation and replacement (BMR)”. The chemical manufacturer shared in a notice to the Pakistan Stock Exchange (PSX) today. The notice said that the management was taking emergency measures to control erosion resulting in leakages of highly inflammable and valuable chemicals due to a sudden change in the weather. The company is diverting all resources towards preventive measures and is informing all the stakeholders, Sitara Peroxide said. “All safety, emergency, and environmental response protocols are being fully activated for the safety of plant & machinery, employees, environment on top priority.”