Pak Suzuki Motors Co.

Pak Suzuki Motor Company Limited (PSMC) is a Pakistan-based automobile manufacturing company. The Company is a joint venture between Pakistan Automobile Corporation Limited and Suzuki Motor Corporation of Japan. The Company exports Suzuki Ravi Pickup to Bangladesh and exports of sheets metal parts of Suzuki Cultus to Europe. The Company's products include Liana, Swift, Cultus, Alto, Mehran, Bolan and Ravi.

Pak Suzuki Motor Company Limited (PSMCL) is a public limited company with its shares quoted on Pakistan Stock Exchange. The Company was formed in August 1983 in accordance with the terms of a joint venture agreement between Pakistan Automobile Corporation Limited (representing Government of Pakistan) and Suzuki Motor Corporation (SMC) Japan. The Company started commercial production in January 1984 with the primary objective of progressive manufacturing, assembling and marketing of Cars, Pickups, Vans and 4x4 vehicles in Pakistan. The Company s long term plans inter-alia include tapping of export markets.

The foundation stone laying ceremony of the Company’s existing plant located at in Qasim was performed in early 1989 by the Prime Minister then in office. By early 1990, on completion Of first phase Of this plant, in-house assembly of all the Suzuki engines started. In 1 992, the plant was completed and production of the Margalla Car commenced.

Under the Government s privatization policy, the Company was privatized and placed under the Japanese management in September 1992. At the time of privatization, SMC increased its equity from 25% to 40%. Subsequently, SMC progressively increased its equity to 73.09% by purchasing remaining shares from PACO. The Suzuki Management immediately after privatization started expansion of the existing plant to increase its installed capacity to 50,000 per annum. The expansion was completed in July 1994.

However the capacity remained substantially under-utilized until 2002 because of economic recession. Thereafter realizing growth in demand, the Company increased capacity in phases. The first phase was completed in January 2005 when capacity was enhanced to 80,000 vehicles . The second phase was completed in January 2006 and capacity was raised to 120,000. The third phase was completed when on 6th February 2007, Prime Minister of Pakistan, Mr. Shaukat Aziz inaugurated 150,000 vehicles capacity expansion facilities.

On 25th April 2007, the Board of Directors of Pak Suzuki Motor Company Limited (PSMCL) and Suzuki Motorcycles Pakistan Limited (SMPL) approved Scheme of Arrangement (The Scheme) to amalgamate SMPL into PSMCL with effect from 1 st January 2007. The scheme was approved by the shareholders of the respective Companies at the Extra - Ordinary General Meeting held on 30th June 2007. The scheme was sanctioned by the Honourable High Court of Sindh (the court) on 1 7th September 2007. The certified copy of the Order of the Court sanctioning the scheme was filed with the Registrar Companies Karachi on 1st October 2007 , from which date the scheme became operative.

PSMCL and Suzuki Motor Corporation (SMC) Japan held 41% and 43% shares in SMPL respectively. Pak Suzuki issued and allotted 1 ordinary shares of Rs. 10/- each to the qualifying shareholders of SMPL @ one ordinary share in Pak Suzuki for every twenty one shares held by SMPL shareholders as on the date of final book closure i.e. 29th October 2007. The trading in shares of SMPL on Karachi and Lahore Stock Exchanges ceased from the same date.

The Company setup a new plant for motorcycles at Bin Qasim. All the operations of motorcycles have been shifted to the new plant effective from July 2011. The Company continues to be in the fore-front of automobile industry of Pakistan. Over a period of time, the Company has developed an effective and comprehensive network of sales, service and spare parts dealers who cater to the needs of customers and render effective after-sale service country wide.

Pak Suzuki is built on the idea of a responsible corporate citizenship thereby managing quality, environmental, safety & occupational health matters as an integral part of our business. In fulfilling this responsibility Pak Suzuki adheres to the following fundamental principles:

We are committed to provide top quality products at competitive price to the satisfaction and requirement of our customers.

We conduct our operations in compliance with applicable environmental, occupational health & safety laws and regulations. Even where existing laws & regulations are not adequate we undertake to operate in a responsible manner by assuring the HS&E integrity of our processes and facilities.

We recognize the interrelationship between energy and the environment, and we promote the efficient use of energy throughout our system.

We ensure safe disposal of waste generated from our facility and will minimize the discharge of waste materials into the environment by utilizing responsible pollution control practices.

We will continuously seek opportunities to improve our adherence to these principles.

- Develop products of superior value by focusing on the customer.
- Establish a refreshing and innovative company through teamwork.
- Strive for individual excellence through continuous improvement.