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Pakistan ceramics maker halts multibillion-rupee expansion plan amid sector saturation
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Pakistan ceramics maker halts multibillion-rupee expansion plan amid sector saturation
The Board of Directors of Frontier Ceramics Limited, a Pakistani manufacturer of ceramic tiles, has decided against pursuing new expansion projects, noting that the ceramics sector has reached a point of saturation where additional investments are unlikely to generate adequate returns for shareholders. The listed company disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Wednesday. “The Board of Directors of Frontier…
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