Categorie: IPO / Secondary Offering
Submitted about 1 month ago by
Xpertwriter
, CEO At E-HostingJunction.com
at Spectrum Resumes , Inc
Al-Ghazi Tractors Limited (AGTL) engaged in manufacture and sale of agricultural tractors, implements, and spare parts. It manufactures tractors of various models, including 480-S (55 horse power), Ghazi (65 horse power), 640 (75 horse power), and 640 Special (85 horse power).The company was established in 1983 and its headquarter is located in Karachi. Al-Ghazi Tractors Limited is a subsidiary of Al-Futtaim Industries Company LLC. The company has completed its capacity expansion in FY06, and enhanced its capacity up to 100%. Now, with an annual assembling capacity of 30,000 units and capacity utilization of more than 100%, Al-Ghazi Tractors Limited (AGTL) became country's largest tractor manufacturer.The government of Pakistan fixed the prices of tractors for local tractor manufacturers since 1998, which is hampering the industry growth in terms of its sales. While the cost of manufacturing increased due to hike in interest rates, gas prices etc, the fixed selling price depressed the profit margins and the importers liberally charged the price of their own choice, thus creating an uneven playing field.However in the budget 2007-08, GoP deregulated the selling prices of tractors. Now, the tractor manufacturers can increase the selling price of their tractors in order to support reduced margins because of higher steel prices. Thus any upward revision in tractor prices will improve the profits of the company.<...
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Submitted about 1 month ago by
Xpertwriter
, CEO At E-HostingJunction.com
at Spectrum Resumes , Inc
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