SAZEW makes strategic land acquisition for future growth at Rs9m per kanal

MG News | June 19, 2023 at 03:22 PM GMT+05:00

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June 19, 2023 (MLN): Sazgar Engineering Works Limited (PSX: SAZEW) has purchased a piece of land measuring nearly 16 Kanals at the rate of Rs9 million per Kanal adjacent to the company's four-wheeler project considering the future business requirements, the company's filing on PSX showed.

The company is a premier CNG 4 Stroke Auto Rickshaw (3 Wheelers) and Automotive Wheel Rims manufacturer.

With manufacturing facilities based in Pakistan and a Global Dealer Network, Sazgar is leading the Pakistani market and exporting to international markets.

Last year, the company had been awarded “Category -A, Greenfield Investment status” by the Ministry of Industries & Production of Pakistan.

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