Al-Ghazi Tractors

Al-Ghazi Tractors Ltd (AGTL) (Urdu: ال غازی ٹریکٹر‎) is a Pakistani tractor manufacturer based in Karachi with manufacturing plant in Dera Ghazi Khan, Pakistan.[1][2][3][4]

Al-Ghazi Tractors Ltd.
Public
Traded asPSX: AGTL
IndustryAutomotive
FoundedJune 26, 1983
HeadquartersKarachi, Pakistan
Area served
Pakistan
Key people
Shahid Hussain, CEO
ProductsTractors
ParentAl-Futtaim Group (50%)
CNH Industrial (43%)
WebsiteOfficial website

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 ₨1.59 billion (US$9.6 million) or ₨27.47 (17¢ US) per share for the financial year, up 1.1% compared to ₨1.57 billion (US$9.5 million) or ₨27.17 (16¢ 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. Profile and stock quote of Al-Ghazi Tractors on MarketScreener.com website Retrieved 24 April 2020
  2. Corporate results: Al-Ghazi Tractors posts Rs1.6b earnings in 2015 The Express Tribune (newspaper), Published 13 February 2016, Retrieved 23 April 2020
  3. 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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