Faisalabad September 15, 2021: Management of the ADOS company has decided to shift the work place of the Company from the industrial estate of Hattar to the Industrial Zone of Faisalabad, as per information shared by the company at Pakistan Stock Exchange (PSX).
In this regard the management has decided to sale the land and building of Plot No. 43 Phase III Industrial Estate of Hattar KPK and to purchase land in the Faisalabad Industrial Zone and to construct building thereof.
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The decision is been made in accordance with slump in orders from the Exploration and Production Companies operating in Pakistan. The surplus on sale of land and building will be utilized for the purchase of new and modernized machinery as this will greatly help to diversify the manufacturing of engineering products of the company and to have more customer line in addition to Exploration and Production Companies and to cover business sector operating in Faisalabad, Gujranwala and Sialkot areas.
Ados Pakistan Limited was incorporated in Pakistan under the Companies Ordinance, 1984 on March 05, 1986 as a Private Limited Company and was later converted into a Public Limited Company on April 04, 1989. The Company has been involved in the supply of oil and gas field related equipment, fabrication and refurbishment of equipment and spare parts used in oil and gas industry. It is also engaged in fabrication of vehicles in respect of bullet proofing protection.