General Tyres 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 this recessionary period.
Chief Executive General Tyres; Shahid Hussain announced this investment on the launching ceremony of motorcycle tyres at a press conference on February 22nd.
Meanwhile, Chairman GT, Lt. Gen (Retd) Ali Kuli Khan Khattak while speaking on the occasion said that “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 GT 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 further said tyre manufacturing is a very expensive and tedious process and lot of funds are 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% to 2.5%.
“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.
Managing Director Mohammad Shahid Hussain said that recently GT launched CNG rickshaw tyres which had become popular with the drivers. “We are sure that our first class quality 6 ply motorcycle tyres will also 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.
He further said GT had two versions of 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 that 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 kilometres per litre, provided of course other parameters have been taken care of,” he added.
The Representative of Continental AG Dr. W. Flamm also spoke on the occasion and said Continental AG had a long-term association with GTR and it will continue to support GTR. He said Continental is happy that GTR had entered into the field of motorcycle tyre manufacturing.
-Published on page#17 in March-2013 edition of MOBILE WORLD Magazine