Ghandhara Tyre

Ghandhara Tyre & Rubber
Company typePublic
PSX: GTYR
IndustryAutomotive
Founded1963; 62 years ago (1963) in Karachi, Pakistan
HeadquartersLandhi, Karachi, Pakistan
Key people
ProductsTyres
RevenueDecrease Rs. 15.01 billion (US$52 million)[1] (2023)
Decrease Rs. -193.61 million (US$−670,000)[1] (2023)
Decrease Rs. -167.36 million (US$−580,000)[1] (2023)
Total assetsIncrease Rs. 18.27 billion (US$63 million)[1] (2023)
Total equityIncrease Rs. 5.75 billion (US$20 million)[1]: 56  (2023)
Owner
Number of employees
1,078[1] (2023)
Websitegtr.com.pk

Ghandhara Tyre & Rubber Company Limited (GTR), formerly known as The General Tyre and Rubber Company of Pakistan Limited is a Pakistani tyre manufacturing company based in Karachi, Sindh.[2][3] It has a production capacity of two million tyres per annum with manufacturing plant located in Landhi.[4]

History

Ghandhara Tyre & Rubber Company Limited was founded in 1963 by General Tire International Corporation (GTIC) at Landhi, Karachi on a 25-acre plot and commenced its production in 1964 with a total capacity of 120,000 tyres per annum.[5][6]

GTIC sold 90 percent of its shares to the present owners, M/s Bibojee Services Ltd., in 1977 and retained 10 percent ownership. In 1982, the company was listed on the Karachi Stock Exchange.[7] In 1985, the company completed a major expansion, increasing its capacity to 600,000 tyres annually.

Continental AG, Germany's tyre manufacturer purchased GTIC in 1987 and thus became 10 percent owners in GTR. Continental provides technical assistance to General Tyres and Rubber. The brand name "GENERAL" is part of Continental AG.

In 2021, it was renamed as GTR.[8] In April 2021, GTR began manufacturing tyres for sports utility vehicle.[9]

References

  1. ^ a b c d e f "GTR Annual Report 2023" (PDF). gtr.com.pk. Retrieved 6 December 2023.
  2. ^ "General Tyre". DAWN.COM. 16 July 2003.
  3. ^ "The General Tyre and Rubber". 4 November 2020.
  4. ^ "Free market or protectionism?: Local industry under threat from smuggled tyre". The Express Tribune. 11 September 2011.
  5. ^ "General Tyre & Rubber of Pakistan | Company Overview & News". Forbes.
  6. ^ "General Tyre And Rubber Co Of Pakistan Ltd". FT.com. 6 October 2014. Retrieved 6 October 2014.
  7. ^ "Karachi Stocks | Live GTYR". khistocks.com.
  8. ^ "General Tyre to rebrand itself".
  9. ^ "SUV tyre manufacturing begins". 11 April 2021.