Ghandhara Tyre
Pakistani manufacturing company
From Wikipedia, the free encyclopedia
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]
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| |
| 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$54 million)[1] (2023) |
| Rs. -193.61 million (US$−690,000)[1] (2023) | |
| Rs. -167.36 million (US$−600,000)[1] (2023) | |
| Total assets |  Rs. 18.27 billion (US$65 million)[1] (2023) |
| Total equity | Rs. 5.75 billion (US$21 million)[1]: 56 (2023) |
| Owner |
|
Number of employees | 1,078[1] (2023) |
| Website | gtr |
History
Ghandhara Tyre & Rubber Company Limited was founded in 1963 as General Tyre & Rubber Company by General Tire International Corporation (GTIC) to build a plant at a cost of US$4 million.[5] A plant was built in Landhi, Karachi on a 25-acre plot which commenced its production in 1964 with a total capacity of 120,000 tyres per annum.[6][7]
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.[8] In 1985, the company completed a major expansion, increasing its capacity to 600,000 tyres annually.
In 1987, Continental AG acquired the General Tire International Corporation which made it 10% owner in General Tyre Pakistan.
In 2021, it was renamed as GTR.[9] In April 2021, GTR began manufacturing tyres for sports utility vehicle.[10]