Al-Ghazi Tractors

Al-Ghazi Tractors Ltd.
Native name
ال غازی ٹریکٹر
Company typePublic
PSX: AGTL
IndustryAgricultural machinery
FoundedJune 26, 1983
HeadquartersKarachi-75500, Pakistan
Area served
Pakistan
Key people
Sakib Eltaff (CEO)
Robert Ian McAllister (chairperson)
ProductsTractors
RevenueIncrease Rs. 34.543 billion (US$120 million) (2023)
Increase Rs. 5.043 billion (US$17 million) (2023)
Increase Rs. 2.611 billion (US$9.0 million) (2023)
Total assetsIncrease Rs. 14.229 billion (US$49 million) (2023)
Total equityIncrease Rs. 5.780 billion (US$20 million) (2023)
OwnerAl-Futtaim Group (50.02%)
CNH Industrial (43.17%)
Number of employees
410 (2023)
ParentCNH Industrial
Al-Futtaim Group
Websitealghazitractors.com
Footnotes / references
Financials as of 31 December 2023 [1]

Al-Ghazi Tractors Ltd (AGTL) (Urdu: ال غازی ٹریکٹر) is a Pakistani agricultural machinery assembler headquartered in Karachi with a tractor manufacturing plant located in Dera Ghazi Khan.[2] It is a subsidiary of CNH Industrial and Al-Futtaim Group.[3]

Al-Ghazi Tractors assembles New Holland tractors in Pakistan with the production capacity of 30,000.[4][3] It is one of the two major tractor manufacturers of Pakistan, other is Millat Tractors.[5]

History

Al-Ghazi Tractors was founded in 1983 and started production at its plant located in Dera Ghazi Khan.[3] It was listed on the Karachi Stock Exchange in 1985.[3]

In 1991, Al-Futtaim Group took over the management control of Al-Ghazi Tractors by acquiring 50 percent of its shares for PKR 104.36 million (US$4.26 million).[3][6]

Products

Al-Ghazi produced a wide range of models which include:[7]

  • Ghazi
  • 480S
  • 640
  • NH 70-56
  • NH Dabung 85

Al Ghazi also produces generators and farming equipment.[8][9]

See also

References

  1. ^ "Al-Ghazi Tractors Annual Report 2023". Retrieved 24 May 2024.
  2. ^ Khan, Ahmad Fraz (May 17, 2021). "DG Khan's history of missed opportunities". DAWN.COM.
  3. ^ a b c d e "Al-Ghazi Tractors Limited – Business Recorder".
  4. ^ Khan, Aamir Shafaat (January 4, 2020). "Millat extends plant shutdown for another 17 days". DAWN.COM.
  5. ^ "Tractor collusion". Profit by Pakistan Today. 19 September 2021.
  6. ^ Jafarey, V. A. Structural Adjustment and Macroeconomic Policy Issues. International Monetary Fund.
  7. ^ "Tractors | Pakistan | Al-Ghazi Tractors Ltd". www.alghazitractors.com.
  8. ^ "Generators | Pakistan | Al-Ghazi Tractors Ltd". www.alghazitractors.com.
  9. ^ "Implements | Pakistan | Al-Ghazi Tractors Ltd". www.alghazitractors.com.
This article is issued from Wikipedia. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.