The business soon expanded and industrial activities commenced in the western wing of Pakistan. In fact, the Group's pace of development was so fast that it soon flowered into two Sugar Mills, a Tractor Plant, Cement Plant, two Paper Sac Units and Particle Board Mills.
From 1970 onwards, the Fecto group has diversified its activities from trading to industrial production. This started with the acquisition of Adamjee (now FECTO) Sugar Mills Limited in early 1975, followed by the establishment of Baba Farid Sugar Mills Limited in 1978.
Bolstered by its initial successes, the group ventured into progressive manufacturing of agricultural tractors and farm equipment including agricultural implements of various types.
Another major milestone in the Group’s forward march was the establishment of a most modern and pollution-free cement plant with 2000 tons per day capacity. This also made way for the launching of such allied industries as two Paper Sack Units that are located not too far from the cement plant.
The Group manages two public-listed and Two private companies besides having substantial stakes in many other projects.
The dynamic Mr. Fecto has enjoyed a very distinguished career. He is the visionary as well as the architect of the FECTO Group. It is because of his inspiring leadership and ground-breaking efforts that the Fecto Group today enjoys a leading position among Pakistan's front-line industrial groups and has established every banks, financing agencies, business and investment circles and the people at large.
Ever since the establishment of the group's first sugar mill, the FECTO name has become a symbol of Faith and an identity for the Group management's respected business practices both nationally and internationally.
He also served as the President of All Pakistan Memon Federation. Soon after being elected as the President of APMF, At the inaugaration of his tractor company by President General Mohammad Ziaul Haq, in Lahore he announced a donation of Rs. 5 million on behalf of the Fecto Group to establish a polytechnic institute and an institute for the invalid and mentally retarded children.
He died on Friday, April 20, 2007, at Karachi.
No comments:
Post a Comment