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][4]
| Company type | Public |
|---|---|
| PSX: GTYR | |
| Industry | Automotive |
| Founded | 1963 in Karachi, Pakistan |
| Headquarters | Landhi, Karachi, Pakistan |
Key people |
|
| Products | Tyres |
| Revenue |  Rs. 15.01 billion (US$52 million)[1] (2023) |
| Rs. -193.61 million (US$−670,000)[1] (2023) | |
| Rs. -167.36 million (US$−580,000)[1] (2023) | |
| Total assets |  Rs. 18.27 billion (US$63 million)[1] (2023) |
| Total equity | Rs. 5.75 billion (US$20 million)[1]: 56 (2023) |
| Owner |
|
Number of employees | 1,078[1] (2023) |
| Website | gtr |
History edit
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 only 120,000 tyres per annum.
GTIC sold 90 percent of its shares to the present owners, M/s Bibojee Services Ltd., in 1977 and retained 10 percent ownership. In 1985, the Company completed a major expansion, increasing it's 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” 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. [5]
References edit
- ^ a b c d e f "GTR Annual Report 2023" (PDF). gtr.com.pk. Retrieved 6 December 2023.
- ^ "General Tyre to rebrand itself".
- ^ "SUV tyre manufacturing begins". 11 April 2021.
- ^ "The General Tyre and Rubber". 4 November 2020.
- ^ "General Tyre And Rubber Co Of Pakistan Ltd". FT.com. October 6, 2014. Retrieved October 6, 2014.