alimohsan52
Chief Minister (5k+ posts)
Source: http://www.dailytimes.com.pk/default.asp?page=2013\02\23\story_23-2-2013_pg5_3
Staff Report
KARACHI: [HI]General Tyre and Rubber (GTR) while showing confidence in Pakistan’s market has invested Rs 500 million in motorcycle tyre production and plant enhancement, which will also create job opportunities in the period of economic slow down.[/HI]
Chief Executive GTR Shahid Hussain announced this investment on the launching ceremony of motorcycle tyres on Friday.
He said recently GTR launched Compressed Natural Gas rickshaw tyres which have become popular with the drivers.
We are sure our first class quality 6 ply motorcycle tyres will meet the expectations of the motorcycle users. We have phased this project in two parts. The first phase will help us get into the big motorcycle replacement market and in the next phase we will approach selected top assembly plants to be one of their reliable suppliers, he added.
GTR has two versions of the tyres, one is the standard version and the other is the exotic version. ‘This exotic version is solely aimed at the youngsters who will go for its stylish tread patterns and quality. We have ensured grip, style and fuel economy is built into each tyre as our survey revealed that grip was the most important factor motorcyclists’ care about.
Our tyres have low rolling resistance which means more kilometers per litre, provided of course other parameters have been taken care of, he added.
Chairman GTR, Lt Gen (retd) Ali Kuli Khan Khattak said “Had this company not existed, the government of Pakistan would have had to spend more than $200 million annually on the import of equivalent number of tyres produced by GTR alone”. The importers on the other hand would have taken advantage of the situation and would have wreaked further havoc on our country’s fragile economy.
He said tyre manufacturing was a very expensive and tedious process and lot of funds were required to continually expand and due to very unfair competition it became extremely hard for us to expand and at the same time make only a marginal profit of 2 percent to 2.5 percent.
[HI]Our country is passing through a critical phase, as due to deteriorating law and order situation some industrial assets are being pulled out and shifted to other countries. We on the contrary decided to break this trend and have invested a good amount of money in putting up an ultra modern motorcycle tyre and tube manufacturing plant, he added.[/HI]
[HI]The representative of Continental AG Dr W Flamm said Continental AG has a long-term association with GTR and it would continue to support GTR. He said Continental is happy that GTR has entered into this field of motorcycle tyre manufacturing.[/HI]
Staff Report
KARACHI: [HI]General Tyre and Rubber (GTR) while showing confidence in Pakistan’s market has invested Rs 500 million in motorcycle tyre production and plant enhancement, which will also create job opportunities in the period of economic slow down.[/HI]
Chief Executive GTR Shahid Hussain announced this investment on the launching ceremony of motorcycle tyres on Friday.
He said recently GTR launched Compressed Natural Gas rickshaw tyres which have become popular with the drivers.
We are sure our first class quality 6 ply motorcycle tyres will meet the expectations of the motorcycle users. We have phased this project in two parts. The first phase will help us get into the big motorcycle replacement market and in the next phase we will approach selected top assembly plants to be one of their reliable suppliers, he added.
GTR has two versions of the tyres, one is the standard version and the other is the exotic version. ‘This exotic version is solely aimed at the youngsters who will go for its stylish tread patterns and quality. We have ensured grip, style and fuel economy is built into each tyre as our survey revealed that grip was the most important factor motorcyclists’ care about.
Our tyres have low rolling resistance which means more kilometers per litre, provided of course other parameters have been taken care of, he added.
Chairman GTR, Lt Gen (retd) Ali Kuli Khan Khattak said “Had this company not existed, the government of Pakistan would have had to spend more than $200 million annually on the import of equivalent number of tyres produced by GTR alone”. The importers on the other hand would have taken advantage of the situation and would have wreaked further havoc on our country’s fragile economy.
He said tyre manufacturing was a very expensive and tedious process and lot of funds were required to continually expand and due to very unfair competition it became extremely hard for us to expand and at the same time make only a marginal profit of 2 percent to 2.5 percent.
[HI]Our country is passing through a critical phase, as due to deteriorating law and order situation some industrial assets are being pulled out and shifted to other countries. We on the contrary decided to break this trend and have invested a good amount of money in putting up an ultra modern motorcycle tyre and tube manufacturing plant, he added.[/HI]
[HI]The representative of Continental AG Dr W Flamm said Continental AG has a long-term association with GTR and it would continue to support GTR. He said Continental is happy that GTR has entered into this field of motorcycle tyre manufacturing.[/HI]
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