MTL expands Africa footprint with new export deal

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%

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