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Al-Ghazi Tractors

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Al-Ghazi Tractors Ltd.
Company typePublic
PSX: AGTL
IndustryAutomotive
FoundedJune 26, 1983
HeadquartersDera Ghazi Khan, Punjab, Pakistan
Area served
Pakistan
Key people
Shahid Hussain, CEO
ProductsTractors
ParentAl-Futtaim Group (50%)
CNH Industrial (43%)
WebsiteOfficial website

Al-Ghazi Tractors (Urdu: ال غازی ٹریکٹر) is a Pakistani tractor manufacturer based in Dera Ghazi Khan, Pakistan since 1983.[1][2][3][4]

It is the authorized assembler and manufacturer of New Holland tractors and generators in collaboration with Fiat New Holland.

In 1991, Al-Futtaim Group acquired the company. In 2020, There were concerns about a slowdown in tractor industry in Pakistan.[5]

History

Al Ghazi tractors were founded in 1983 and in 1991, Al-Futtaim Group of Dubai took over the management control of Al-Ghazi Tractors by acquiring 50% of its shares. Its corporate head office is located in Dera Ghazi Khan, Punjab, Pakistan. Al-Ghazi was the first automobile company in Pakistan to earn the ISO-9000 certification. With yearly audits the company is now registered for ISO-9001:2000. In 2015, Al-Ghazi Tractors reported net earnings of Rs. 1.59 billion (US$5.5 million) or Rs. 27.47 (9.5¢ US) per share for the financial year, up 1.1% compared to Rs. 1.57 billion (US$5.4 million) or Rs. 27.17 (9.4¢ US) per share it earned in 2014.[2][3]

Al-Ghazi Tractors Limited (stock symbol is AGTL) is traded on the Pakistan Stock Exchange.[1]

Products

Al-Ghazi produced a wide range of models which include:[6]

  • New Holland Dabung 85[1]
  • New Holland 480S
  • New Holland 640S
  • New Holland Ghazi
  • New Holland 55-56 (55 horsepower)[1]
  • New Holland 60-56
  • New Holland 70-56 (4WD) (70 horsepower)[1]
  • New Holland Brand Combine Harvester

Al Ghazi also produces generators[1][7] and farming equipment.[1][8]

See also

References

  1. ^ a b c d e f g Profile and stock quote of Al-Ghazi Tractors on MarketScreener.com website Retrieved 24 April 2020
  2. ^ a b Corporate results: Al-Ghazi Tractors posts Rs1.6b earnings in 2015 The Express Tribune (newspaper), Published 13 February 2016, Retrieved 23 April 2020
  3. ^ a b Tractor industry urges Prime Minister to consider reversal of levies after drastic sales drop Pakistan Observer (newspaper), Published 10 January 2020, Retrieved 23 April 2020
  4. ^ "About Us | Pakistan | Al-Ghazi Tractors Ltd". www.alghazitractors.com.
  5. ^ Slowdown in tractor industry persists The Express Tribune (newspaper), Published 10 January 2020, Retrieved 24 April 2020
  6. ^ "Tractors | Pakistan | Al-Ghazi Tractors Ltd". www.alghazitractors.com.
  7. ^ "Generators | Pakistan | Al-Ghazi Tractors Ltd". www.alghazitractors.com.
  8. ^ "Implements | Pakistan | Al-Ghazi Tractors Ltd". www.alghazitractors.com.
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