In because of ongoing market challenges, Keya Cosmetics Limited has declared that it would be permanently closing its manufacturing beginning in May. Today, Thursday, the corporation announced this in a press statement.
Market turmoil, bank account irregularities, raw material shortages, and decreased manufacturing activity are the main justifications given for this decision.
The document further states that starting on May 1, 2025. All production activities would stop. Furthermore, starting on May 25, 2025, the company’s utilities and dyeing divisions would be permanently closed.
In the cosmetics and personal care sector, Keya Cosmetics has been a major player. However, the business has not yet disclosed specific plans for its future strategy after the shutdown was announced.
For Keya Cosmetics, a major influence in the cosmetics and personal care sector, this development represents a dramatic change. Details on the company’s post-closing plan have not yet been made public.
Although Keya Cosmetics management has apologized for the incident, they have underlined how important it is to take this action in order to address the difficulties encountered.
Source: Naya Diganta
