Al-Ghazi Tractors

☆ Save On Wikipedia ↗
Al-Ghazi Tractors Ltd.
Native name
ال غازی ٹریکٹر
TypePublic
PSX: AGTL
IndustryAgricultural machinery
FoundedJune 26, 1983
HeadquartersKarachi-75500, Pakistan
Area served
Pakistan
Key people
Yasin Seker (CEO)
Robert Ian McAllister (chairperson)
ProductsTractors
RevenueIncrease Rs. 34.543 billion (US$120 million) (2023)
Increase Rs. 5.043 billion (US$18 million) (2023)
Increase Rs. 2.611 billion (US$9.3 million) (2023)
Total assetsIncrease Rs. 14.229 billion (US$51 million) (2023)
Total equityIncrease Rs. 5.780 billion (US$21 million) (2023)
OwnerAl-Futtaim Group (50.02%)
CNH Industrial (43.17%)
Number of employees
410 (2023)
ParentCNH Industrial
Al-Futtaim Group
Websitealghazitractors.com
Footnotes
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 (discontinued)
  • NH 850

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. "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.