Bimetal Bearings announced that due the severe down-ward situation prevailing in the Auto Ancillary Industry there will be temporary dislocation of
production activities ranging from 15 to 20 days on different days in various plants during the Calendar Quarter
ending 30 September 2019. The company is aware that the present situation is aggravated due to stress in
liquidity, financing of commercial vehicles, high GST rates, reduction in engine overhaul cycle apart from high
interest costs which the industry is undergoing / facing in a never seen before crisis situation
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