Karachi, Sazgar Engineering Works Limited informed Pakistan Stock Exchange that the Ministry of Industries and Production of Pakistan has awarded the Category-A, “Greenfield Investment Status” to their Company and approved M/s Great Wall Motors Company Limited as second principal for the assembly / manufacture of GWM “HAVAL” vehicles in addition to “BAIC” vehicles.
Sazgar Engineering Works Limited was incorporated on 21st September 1991 as a Private Limited Company. It was later converted into a Public Limited Company on the 21st of November 1994 under the Companies Ordinance of 1984. Sazgar is a premier manufacturer of CNG 4 Stroke Auto Rickshaw (3 Wheelers) and Automotive Wheel Rims. The company has manufacturing facilities spread over an estate of 5 Acres based in Pakistan and a Global Dealer Network through which the company exports its products in the international markets. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Lahore.
The symbol “SAZEW” is being used by the stock exchanges for the shares of Sazgar Engineering Works Limited.