Categorie: Equities
Submitted 9 months ago by
Xpertwriter
, CEO At E-HostingJunction.com
at Spectrum Resumes , Inc
Al-Ghazi Tractors Limited (AGTL) engaged in the manufacture and sale of agricultural tractors, implements, and spare parts in Pakistan. It manufactures tractors of various models, including 480-S (55 horsepower), GHAZI (65 horsepower), 640 (75 horsepower), and 640 Special (85 horsepower). The company was founded in 1983 and its headquarter is in Karachi.Al-Ghazi Tractors is a subsidiary of Al-Futtaim Industries Company LLC. The company has completed its capacity expansion in FY06 as a result enhancing the capacity by 100%. Now, with an annual assembling capacity of 30000 units and capacity utilization of more than 100%, Al-Ghazi Tractors Limited is the country's largest tractor manufacturer.The government of Pakistan has fixed the prices of tractors for local tractor manufacturers since 1998, which is hampering the growth of the industry in terms of its sales. Whereas the cost of manufacturing increased on account of increase in interest rates, gas prices etc; the fixed selling price depressed the profit margins of the company and the importers liberally charged the price of their own choice, thus creating an uneven playing field.However in the recent budget 2007-08, GoP deregulated the selling prices of tractors. Now tractors manufacturers can increase the prices of tractors in order to support their reduced margins because of higher steel prices. Thus any upward revision in prices will improve the profitability of the company.<br...
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Submitted 9 months ago by
Xpertwriter
, CEO At E-HostingJunction.com
at Spectrum Resumes , Inc
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