Al-Ghazi Tractors
Pakistani agricultural machinery assembler
From Wikipedia, the free encyclopedia
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]
| |
Native name | ال غازی ٹریکٹر |
|---|---|
| Type | Public |
| PSX: AGTL | |
| Industry | Agricultural machinery |
| Founded | June 26, 1983 |
| Headquarters | Karachi-75500, Pakistan |
Area served | Pakistan |
| Key people | Yasin Seker (CEO) Robert Ian McAllister (chairperson) |
| Products | Tractors |
| Revenue |  Rs. 34.543 billion (US$120 million) (2023) |
| Rs. 5.043 billion (US$18 million) (2023) | |
| Rs. 2.611 billion (US$9.3 million) (2023) | |
| Total assets | Rs. 14.229 billion (US$51 million) (2023) |
| Total equity | Rs. 5.780 billion (US$21 million) (2023) |
| Owner | Al-Futtaim Group (50.02%) CNH Industrial (43.17%) |
Number of employees | 410 (2023) |
| Parent | CNH Industrial Al-Futtaim Group |
| Website | alghazitractors |
| Footnotes Financials as of 31 December 2023[update] [1] | |
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]
