Suzuki Motor Corporation’s two Pakistani subsidiaries-Pak Suzuki Motor Co., Ltd., which makes and markets automobiles, and Suzuki Motorcycles Pakistan Ltd., which makes and markets motorcycles-have agreed to merge, with Pak Suzuki Motor taking over Suzuki Motorcycles Pakistan.
The merger has been approved by the Boards of Directors of each company and now awaits approval by a general meeting of shareholders of each company and by the Honorable High Court of Sindh.
With Pak Suzuki Motor producing and marketing both automobiles and motorcycles following the merger, it will be possible to enhance Suzuki’s brand value in Pakistan, improve operational efficiency, and pursue growth in Suzuki automobile and motorcycle sales.
|Company name||Pak Suzuki Motor Co., Ltd.|
|Headquarters location||Pakistan Steel Industrial Estate, Bin Qasim, Karachi|
|Employees||2,395 (at end of December 2006)|
|Capital||540 million rupees (approx. ¥1 billion)|
|Investment ratio||Suzuki Motor Corporation: 73%|
|Fiscal 2006 production volume||Approx. 120,000 units (automobiles)|
|Company name||Suzuki Motorcycles Pakistan Ltd.|
|Headquarters location||Sind Industrial Trading Estate, Karachi|
|Employees||411 (at end of December 2006)|
|Capital||440 million rupees (approx. ¥800 million)|
|Investment ratio||Suzuki Motor Corporation: 43%;
Pak Suzuki Motor: 41%
|Fiscal 2006 production volume||Approx. 24,000 units (motorcycles)|