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Loads Limited

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Loads Limited
Company typePublic
PSXLOADS
IndustryAutomobile
Founded1979; 45 years ago (1979)[1]
HeadquartersKarachi, Pakistan
Area served
Pakistan
ParentAli Group

Loads Limited (لوڈز لمیٹڈ) is a Pakistani auto-parts maker based in Karachi, Pakistan.[2] It is part of Ali Group of Companies.[1]

History

Loads Limited was founded in 1979.[1] It manufactures exhaust systems, mufflers, radiators and sheet metal components.[1] The company has three manufacturing plants located in Korangi, and Port Bin Qasim in Karachi.[1]

In 2016, companies did an initial public offering (IPO) and raised Rs 1.7 billion.[1]

In December 2017, the company announced that it is setting-up an alloy wheel manufacturing plant in Port Bin Qasim, Karachi.[3] A used plant will be procured from Australia where auto manufacturers are closing plants due to liberal import policy.[3] The plant will have the capacity to produce 500,000 wheels per year.[3]

References

  1. ^ a b c d e f "Loads Limited". 11 July 2018.
  2. ^ "Loads establishing alloy wheels manufacturing plant - The Express Tribune". 15 December 2017.
  3. ^ a b c Reporter, The Newspaper's Staff (15 December 2017). "Loads Ltd to manufacture alloy wheels".