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Corporate
Profile
Company History
The story
of textiles in the subcontinent is the story of Gul
Ahmed. The group began trading in textiles in the early
1900’s. With all it’s know-how and experience,
the group decided to enter the field of manufacturing
and Gul Ahmed Textile Mills Ltd. was incorporated as
a private limited company, in the year 1953. In 1972
it was subsequently listed on the Karachi Stock Exchange.
Since then the company has been making rapid progress
and is one of the best composite textile houses in the
world. The mill is presently a composite unit with an
installed capacity of 103,000 spindles, 220 wide width
air jet looms, 90 Sulzer’s, 297 conventional looms
and a state of the art processing and finishing unit.
Corporate
Profile - Major Companies
The following
is a list of the major companies which comprise the
group:
- Gul Ahmed Textile
Mills Limited
- Gul Ahmed Energy Limited
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Corporate
Profile - Business Activities
Textiles
In the
textile field, activities start from the spinning of
cotton as well as man made fibers and extend to weaving,
processing and finishing of all types of cotton and
blended fabrics, bed linen, home furnishings, garment
manufacturing, etc.
Power
The group
has been a pioneer in the field of power generation.
The textile mill runs on self-generation with an installed
capacity of more than 20 MW. Gul Ahmed Energy operates
a power plant of 136 MW capacity with a project cost
of US$140 million located at Korangi, Karachi. The sponsors
of this project include the IFC and Tomen Corporation.
The project has been in commercial operation since November
1997.
Management
Management
of the group is professionally qualified and broadly
experienced. The directors have held top positions in
various textile bodies, export committees and have also
assisted the Government of Pakistan in some of the major
trade talks with EC and USA authorities.
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Joint
Ventures & Licensing
The group
is further diversifying itself through joint ventures
with foreign-based multinationals in areas such as chemical
industry, power generation and insurance.
Bankers
Main
bankers of the group are:
- ABN AMRO Bank
- American Express Bank
Limited
- Standard Chartered
Grindlays Bank Limited
- Bank AL Habib Limited
- Bank of America NT&SA
- Citibank
- Deutsche Bank AG
- Faysal Bank Limited
- Habib AG Zurich
- Habib Bank Limited
- Societe General the
FIB
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List
of Membership of Trade Bodies and Organization
- The Karachi Stock
Exchange (Guarantee) Limited.
- Lahore Stock Exchange
(Guarantee) Limited.
- All Pakistan Textile
Mills Association.
- Pakistan Cotton Fashion
Apparel Manufacturers & Exporters Association.
- All Pakistan Bed sheets
& Upholstery Manufacturers Association.
- Karachi Cotton Association.
- Chamber of Commerce
& Industry, Karachi.
- Employees Federation
of Pakistan.
- All Pakistan Textile
Processing Mills Association
Others
The group also extends
into the financial sector. Excel Insurance Company Limited
has received its license from the Controller of Insurance
and has commenced underwriting general insurance risks.
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