Butwal Spinning Mills went closed again
Butwal Spinning Mills, one of the biggest thread manufacturing factory again went closed within not more than two months of resumption. The Mills that had reopened on 13 November went on complete halt from 2 January. However, the staffs and workers of the mills have been attending office for attendance.
The mills was closed as an Indian company in-charge of supplying raw materials and importing the products broke an agreement all of sudden.
According to Administrative Office of the Mills Amar Singh Rawal, the mills was closed after contractor Company broke the five years-term deal abandoning the supply of raw materials and import of mill’s products without any information.
He also said that already manufactured thread worth Rs. 40 million has been stored in warehouse. According to him, there is a condition in the agreement on which any party that fails to follow the terms should inform another party in this regard prior to three months.
However, workers’ leader of the Mills Huma Kanta Kaphu who is also a member of Multilateral Assistance Committee said the mills was closed after Board of Directors and management of the mills could not seek the alternatives in time.
Nava Raj Shrestha, chairman of Multilateral Committee, formed to resume the mills, said there was chance to operate the mills as internal management and local environment was good enough to resume the works.
Jeewan Prasad Ojha, member of Board of Director said that upcoming meeting would decide on the issue stating that the board was serious in this regard. According to him, some Nepali companies have shown interest to buy the products of the mills.
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