Muhammad Raza Fecto Chief Executive of Raza Fecto Group of Industries held a meeting with the tractor parts manufacturers on Wednesday 26th may 2005 at Fecto tractor assembly plant at 18th km Sheikhpura road Lahore.
Addressing the vendors Raza Fecto announced that the group is very soon launching 57 and 80 hp Russian farm tractors for which all necessary work had been completed and the Government approvals like deletion plans and others are in process.
The group intends to start the activities within three months, in the first year of production 1500-1800 units will be assembled which will gradually rose to 5000 units per annum.
I.H.T. Farooqui GM Projects while addressing the vendors briefed about the Group future plans which includes local assembly of 57 & 80 hp Farm Tractors, Assembly of Econo version of LG tractor and Assembly of Chinese cargo truck.
Mazharulhaq GM Production also addressed at this occasion and thanked the vendors for visiting the plant.
Representing the vendors Shakir of Ferrochem and Mazhar Bajwa of Bajwa Agro Ind. assured Fecto that all vendors will extend full cooperation with the Group. Later the participants visited the plant and observed the assembling facilities and Fecto upcoming products.
-Published on page#-42 June-2005 issue of MOBILE WORLD Magazine