"Upon completion, we expect a significant improvement in the Plant's reliability index," Notore says."Upon completion, we expect a significant improvement in the Plant's reliability index," Notore says.
It also said the plant has been shut down.
According to a disclosure sent to the
It also said it will improve the reliability index to 95 per cent from the current 67 per cent.
"Although disruption to global businesses occasioned by the COVID-19 pandemic and its attendant restrictions by Governments all over the world affected the timely delivery of procured spares and the arrival to site of Vendor Service Men (VSM), the TAM is still on course and barring any unforeseen circumstance, it should be completed on
"Upon completion, we expect a significant improvement in the Plant's reliability index and a sustained daily production output of 1,500MT. Attaining this level of production will guaranty improved cashflow, increase in annual revenue as well as return the Company to profitability."
The company had last year returned its operating plant to 1,500 metric tonnes per day (MTPD) and 500,000 million tonnes per annum (MTPA) nameplate production capacity.
Copyright Premium Times. Distributed by AllAfrica Global Media (allAfrica.com)., source