Loads Limited (لوڈز لمیٹڈ) is a Pakistani auto-parts maker based in Karachi, Pakistan.[2][3] It is part of Ali Group of Companies.[1]
 | |
| Company type | Public |
|---|---|
| PSX: LOADS | |
| Industry | Automobile |
| Founded | 1979[1] |
| Headquarters | Karachi, Pakistan |
Area served | Pakistan |
| Parent | Ali Group |
| Website | www |
History edit
Loads Limited was founded in 1979.[1] It manufactures exhaust systems, mufflers, radiators and sheet metal components.[1] The company has three manufacturing plants located in Korangi, and Port Bin Qasim in Karachi.[1]
In 2016, Loads was listed on the Pakistan Stock Exchange, following an initial public offering (IPO) at a strike price of Rs 35 and raised Rs 1.7 billion.[4][1]
In December 2017, the company announced that it is setting-up an alloy wheel manufacturing plant in Port Bin Qasim, Karachi.[5] A used plant will be procured from Australia where auto manufacturers are closing plants due to liberal import policy.[5] The plant will have the capacity to produce 500,000 wheels per year.[5]
Products edit
Subsidaries edit
References edit
- ^ a b c d e f g h i "Loads Limited". 11 July 2018.
- ^ a b c d Hussain, Dilawar (September 12, 2016). "Mobilising funds to keep the wheels turning". DAWN.COM.
- ^ "Loads establishing alloy wheels manufacturing plant - The Express Tribune". 15 December 2017.
- ^ "Loads Limited IPO: Book-building process results in strike price of Rs34". The Express Tribune. September 7, 2016.
- ^ a b c Reporter, The Newspaper's Staff (15 December 2017). "Loads Ltd to manufacture alloy wheels".
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