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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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