Ghandhara Tyre & Rubber | |
Type: | Public |
Foundation: | in Karachi, Pakistan |
Location: | Landhi, Karachi, Pakistan |
Num Employees Year: | 2023 |
Assets Year: | 2023 |
Equity Year: | 2023 |
Num Employees: | 1,078 |
Industry: | Automotive |
Products: | Tyres |
Revenue: | [1] |
Revenue Year: | 2023 |
Income Year: | 2023 |
Net Income Year: | 2023 |
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]
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 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" 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]