About: Millat   Sponge Permalink

An Entity of Type : dbkwik:resource/41M8fembgW4ejRUqT-lkRA==, within Data Space : 134.155.108.49:8890 associated with source dataset(s)

The company was nationalized in 1972 and started assembling and marketing tractors on behalf of the Pakistan Tractor Corporation (PTC) which was formed by the Government for import of tractors in SKD condition. In 1980, the Government decided on indigenization of the tractors and entrusted this task to Pakistan Tractor Corporation. Pakistan Tractor Corporation transferred this role of indigenization in 1981 to Millat Tractors Limited. In just one year, the company took a giant step towards self-suffiency by setting up the first engine assembly plant in Pakistan.

AttributesValues
rdf:type
rdfs:label
  • Millat
rdfs:comment
  • The company was nationalized in 1972 and started assembling and marketing tractors on behalf of the Pakistan Tractor Corporation (PTC) which was formed by the Government for import of tractors in SKD condition. In 1980, the Government decided on indigenization of the tractors and entrusted this task to Pakistan Tractor Corporation. Pakistan Tractor Corporation transferred this role of indigenization in 1981 to Millat Tractors Limited. In just one year, the company took a giant step towards self-suffiency by setting up the first engine assembly plant in Pakistan.
dcterms:subject
foaf:homepage
dbkwik:tractors/pr...iPageUsesTemplate
location country
location city
  • Sheikhupura
Foundation
  • 1964(xsd:integer)
Company Name
  • Millat Tractors Limited
Homepage
Industry
company logo
abstract
  • The company was nationalized in 1972 and started assembling and marketing tractors on behalf of the Pakistan Tractor Corporation (PTC) which was formed by the Government for import of tractors in SKD condition. In 1980, the Government decided on indigenization of the tractors and entrusted this task to Pakistan Tractor Corporation. Pakistan Tractor Corporation transferred this role of indigenization in 1981 to Millat Tractors Limited. In just one year, the company took a giant step towards self-suffiency by setting up the first engine assembly plant in Pakistan. Therefore, in 1984, sophisticated manufacturing facilities for the machining of intricate components were set up. These were previously not available in Pakistan. Currently, critical components like the engine block, sump, transmission case, axle housing, hydraulic lift cover, front axle support and centre housing are all being machined successfully in-house at Millat Tractors from locally sourced castings. In 1992, the company was privatized, and Millat Tractors plant started its inhouse production. The establishment of this modern plant not only increased production capacity to 16,000 tractors per year on a single-shift basis, but also provided a quantum jump to the quality of the assembled tractors and pushed Millat Tractors Limited into the ranks of the major tractor manufacturing companies of the World. In the 2007-2008 financial year, production shot up to 27,260 tractors, the highest sales of tractors ever in Pakistan for any company at the time.
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