WPIL’s will close operations of its Subsidiary, Mathers Foundry UK, in line with the process in compliance with UK Laws. The board of directors at their meeting has decided for the same.
Due to the sustained uncertainty in the Oil & Gas sector, its key market, the viability of operations was under severe pressure. Hence, the Board considered it prudent to discontinue its operations and to bear closure costs rather than be exposed to continuous uncertainty and losses.
WPIL is mainly engaged in the manufacturing of vertical pumps, horizontal pumps, grey iron, castings and sluice valves. The company now offers system engineering and complete solutions to all kinds of water and waste water handling and transportation needs.
