17-Oct-2026 18:24:39
DIVSHKTGeneral news
DIVYASHAKTI : TEMPORARILY CUTS PRODUCTION ON COST AND TARIFF PRESSURE
• Company to temporarily reduce production levels with effect from 29 September 2026 • US tariffs of 12.5% and 25% plus ~4% countervailing duty from 1 September 2026 take effective duty burden to ~41% • Crude oil up from ~USD 45 per barrel to ~USD 108 per barrel; resin cost up approximately 72% • Ocean freight up from ~USD 1,300 per container to as high as ~USD 9,000 per container, causing dispatch delays • Margins and cash flows under considerable pressure as full cost pass-through to customers is difficult • Production to be progressively restored as costs and trade conditions stabilise
Divyashakti Ltd
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