Al-Ghazi Tractors
{{Infobox company
| name = Al-Ghazi Tractors Ltd.
| logo = AGTL logo.png
| native_name = {{nq|ال غازی ٹریکٹر}}
| type = Public
| traded_as = {{karse|AGTL}}
| foundation = June 26, 1983
| location = Karachi-75500, Pakistan
| key_people = Sakib Eltaff (CEO)
Robert Ian McAllister (chairperson)
| industry = Agricultural machinery
| products = Tractors
| area_served = Pakistan
| revenue = {{Increase}} {{PKRConvert|34.543|b}}
| revenue_year = 2023
| operating_income = {{Increase}} {{PKRConvert|5.043|b}}
| income_year = 2023
| net_income = {{increase}} {{PKRConvert|2.611|b}}
| net_income_year = 2023
| assets = {{Increase}} {{PKRConvert|14.229|b}}
| assets_year = 2023
| equity = {{Increase}} {{PKRConvert|5.780|b}}
| equity_year = 2023
| num_employees = 410
| num_employees_year = 2023
| owner = Al-Futtaim Group (50.02%)
CNH Industrial (43.17%)
| parent = CNH Industrial
Al-Futtaim Group
| website = {{url|alghazitractors.com}}
| footnotes = Financials {{as of|2023|12|31|lc=y}} {{cite web|title=Al-Ghazi Tractors Annual Report 2023|url=https://financials.psx.com.pk/lib/DownloadPDF.php?id=228461 |access-date=24 May 2024}}
}}
Al-Ghazi Tractors Ltd (AGTL) ({{langx|ur|ال غازی ٹریکٹر}}) is a Pakistani agricultural machinery assembler headquartered in Karachi with a tractor manufacturing plant located in Dera Ghazi Khan.{{Cite web|url=https://www.dawn.com/news/1624098|title=DG Khan's history of missed opportunities|first=Ahmad Fraz|last=Khan|date=May 17, 2021|website=DAWN.COM}} It is a subsidiary of CNH Industrial and Al-Futtaim Group.
Al-Ghazi Tractors assembles New Holland tractors in Pakistan with the production capacity of 30,000.{{Cite web|url=https://www.dawn.com/news/1526211|title=Millat extends plant shutdown for another 17 days|first=Aamir Shafaat|last=Khan|date=January 4, 2020|website=DAWN.COM}}{{Cite web|url=https://fp.brecorder.com/2019/08/20190828512615/|title=Al-Ghazi Tractors Limited – Business Recorder}} It is one of the two major tractor manufacturers of Pakistan, other is Millat Tractors.{{Cite web|url=https://profit.pakistantoday.com.pk/2021/09/19/tractor-collusion/|title=Tractor collusion|date=19 September 2021|website=Profit by Pakistan Today}}
History
Al-Ghazi Tractors was founded in 1983 and started production at its plant located in Dera Ghazi Khan. It was listed on the Karachi Stock Exchange in 1985.
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).{{Cite book|url=https://www.elibrary.imf.org/display/book/9781557753021/ch04.xml|title=Structural Adjustment and Macroeconomic Policy Issues|first=V. A.|last=Jafarey|publisher=International Monetary Fund}}
Products
Al-Ghazi produced a wide range of models which include:{{Cite web|url=https://www.alghazitractors.com/products/tractors/|title=Tractors | Pakistan | Al-Ghazi Tractors Ltd|website=www.alghazitractors.com}}
- Ghazi
- 480S
- 640
- NH 70-56
- NH Dabung 85
Al Ghazi also produces generators and farming equipment.{{Cite web|url=https://www.alghazitractors.com/products/generators/|title=Generators | Pakistan | Al-Ghazi Tractors Ltd|website=www.alghazitractors.com}}{{Cite web|url=https://www.alghazitractors.com/products/implements/|title=Implements | Pakistan | Al-Ghazi Tractors Ltd|website=www.alghazitractors.com}}
See also
References
{{reflist}}
External links
- {{Official website}}
{{CNH Industrial}}
{{Automotive industry in Pakistan}}
{{KSE 100}}
{{DEFAULTSORT:Al-Ghazi Tractors}}
Category:Vehicle manufacturing companies established in 1983
Category:Pakistani companies established in 1983
Category:1980s initial public offerings
Category:1991 mergers and acquisitions
Category:Companies listed on the Pakistan Stock Exchange
Category:Dera Ghazi Khan District
Category:Formerly government-owned companies of Pakistan
Category:Companies in the KSE 100 Index