Karachi: Loads Limited informed Pakistan Stock Exchange that their independent director Ms. Lubna Pervez has resigned from the Board of Directors the Company.
Loads Limited was established on January 1, 1979 as a private limited company with the objective of manufacturing exhaust systems, radiators, and sheet metal components for the automotive industry. The Company was converted to public limited company in January 12, 1994. Over the years, the Company has grown into one of the largest Auto Parts Manufacturers (APMs) in the country and is recognized for the reliability and quality of its products. The Company has three wholly owned subsidiaries, namely, Specialized Autoparts Industries (Private) Limited, Multiple Autoparts Industries (Private) Limited and Specialized Motorcycles (Private) Limited.
The primary customers of the Group belong to the automotive sector, mainly multi-national assemblers of passenger cars, light commercial vehicles, heavy commercial vehicles (trucks & buses), tractors and motor cycles. The key clientele of the Group includes world's most reputable assemblers i.e. Toyota, Honda, Suzuki, Hino, Nissan, Isuzu, Massey-Ferguson, Mitsubishi, Yamaha, etc.
Over the years, the Group has ensured quality through technical collaboration with leading Japanese companies like Toyo Radiator Company, Futaba Industrial Company, Sankei Giken Kogyo, Yutaka Giken, Hamamatsu Pipe & Futaba for import of latest technologies and state-of-the-art machines for manufacture of radiators and exhaust systems. In addition, Loads Limited has in-house die designing & manufacturing facility with state-of-the-art Computer Numerical Control ("CNC") automatic die manufacturing machines.