GTR (company)
 | |
| Company type | Public |
|---|---|
| PSX: GTYR | |
| Industry | Automotive |
| Founded | Karachi, Pakistan 1963 |
| Headquarters | Landhi, Karachi |
Key people | Ali Kuli Khan Khattak |
| Products | Tyres |
| Revenue | 8.38 Billion PKR |
| Owner | Bibojee Group |
| Website | www.gentipak.com |
The General Tyre Pakistan is a tyre manufacturing company based in Karaachi.
The Company was established by General Tire International Corporation (GTIC) of USA, with a total capacity of only 120,000 tyres per annum.
GTIC sold 90% of their shares to the present owners M/s Bibojee Services Ltd. in 1977 and retained 10% of the ownership. In 1985, the Company completed a major expansion, which took the capacity to 600,000 tyres annually.
Continental AG, Germany’s tyre manufacturer purchased GTIC in 1987 and thus became 10% owners in GTR. Continental provides technical assistance to General Tyres and Rubber.
The brand name “GENERAL” also belongs to Continental AG.
Currently, the capacity of the Company stands at 2.3 million tyres approximately. GTR has been and still is one of the largest tyre manufacturer Pakistan.
Being a public listed Company; the current main sponsors of the Company beside Bibojee Services are Pak Kuwait Investment Company, NIT and Continental AG of Germany. The remaining shares are held by the general public. [1]
References
- ^ "General Tyre And Rubber Co Of Pakistan Ltd". FT.com. October 6, 2014. Retrieved October 6, 2014.
External links
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