Publicly listed company Hamid Fabrics Limited has announced an indefinite shutdown of its factory due to a severe gas supply shortage. The decision was made as the company struggled to maintain operations without adequate gas pressure, according to a disclosure from the Dhaka Stock Exchange (DSE).

In an official statement, the company said,

“For the past two years, low gas pressure in our factory line has repeatedly disrupted production. We tried using alternatives like CNG and LNG, but the current gas crisis has worsened to the point that continuing operations is no longer viable.”

As a result, the company declared a temporary shutdown (lay-off) of the factory starting June 22, in accordance with Sections 12 and 16 of the Bangladesh Labour Act 2006 and Rules 25 and 26 of the Labour Rules 2015.

Despite the closure, company officials assured that they are actively working with the relevant authorities to resolve the gas issue.

“Production will resume as soon as the situation normalizes,” the statement added.