Listed company CVO Petrochemical Refinery PLC (CVOPRL) has resumed regular operations at its factory after completing emergency maintenance that temporarily halted production in September.
The company completed the maintenance work on 30 September and resumed operations on 1 October, according to a disclosure to the Dhaka Stock Exchange (DSE).
CVOPRL had informed the DSE on 7 September that it would temporarily suspend factory operations for emergency maintenance. It did not disclose the nature of the technical problem or details of the work carried out.
The temporary shutdown may have affected production and sales during the period, with any impact likely to be reflected in the company’s upcoming financial results.
The company’s shares closed at Tk160.80 on the DSE on Thursday.
According to DSE data, the company’s factory is located at 154 Nasirabad Industrial Area, Bayezid Bostami Road, Chattogram, while its registered office is in Katalganj, Panchlaish, Chattogram.
As of 31 August 2026, sponsors and directors held 43.06% of the company’s shares, institutional investors 17.44%, general investors 39.41% and foreign investors 0.09%.
The company had short-term borrowings of Tk15.31 crore as of July 2026 and no long-term borrowings, according to DSE data.
CVO Petrochemical, originally a vegetable oil refiner, later transformed into a petrochemical refinery as it struggled to compete with imported products.
The company faced production challenges in 2021, mainly over product quality, which it attributed to inadequate standards of locally sourced raw materials. As a result, production remained suspended for 14 months until September 2022, during which the company earned no revenue and incurred losses.
To support the growth of local petroleum refining, the government subsequently allowed domestic refineries to source imported condensate, which helped CVOPRL resume operations.
In September 2022, the company became the first domestic refinery to sign an agreement with the Bangladesh Petroleum Corporation (BPC). Under the agreement, it sources naphtha from BPC-owned Eastern Refinery to produce solvents at its plant.
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