MTL expands Africa footprint with new export deal

MG News | December 22, 2025 at 05:07 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

December 22, 2025 (MLN): Millat Tractors Limited (PSX: MTL) has signed a strategic agreement with Massey Ferguson Corp. (MFC) and AGCO Limited, the global owner of the MF brand, to strengthen its international presence.

Under this collaboration, MTL has been assigned the African territory for exporting its tractors directly under the Millat brand.

This move allows Millat Tractors to expand its footprint in Africa, enhancing export growth while contributing to Pakistan’s overall machinery export sector.

Currently, MF-branded tractors are exported to Africa and other international markets via AGCO Corporation, USA, according to the company's statement issued today.

The agreement is expected to significantly bolster MTL’s market presence in the African region and enhance long-term global business prospects.

By exporting tractors under its own brand, Millat Tractors aims to solidify its position as a key player in the international agricultural machinery market.

At the close of the trading session today, MTL shares settled at Rs518.92, showing a daily gain of 0.96%

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	175,285.78 248.39M	1.02% 1766.97
ALLSHR	106,536.82 578.97M	1.02% 1073.42
KSE30	52,320.98 90.24M	1.18% 611.36
KMI30	246,775.63 72.73M	0.99% 2407.71
KMIALLSHR	68,372.65 345.21M	0.84% 569.39
BKTi	49,718.24 37.75M	1.43% 700.72
OGTi	35,126.27 7.30M	0.44% 154.29

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,750.00	65,435.00 64,585.00	35.00 0.05%
BRENT CRUDE	85.78	86.55 84.51	1.05 1.24%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.30 -1.21%
ROTTERDAM COAL MONTHLY	119.00	0.00 0.00	-0.35 -0.29%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	80.28	80.93 79.30	0.94 1.18%
SUGAR #11 WORLD	14.75	14.99 14.74	-0.13 -0.87%