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Ghandhara Tyre & Rubber

Company type	Public
Traded as	PSX: GTYR
Industry	Automotive
Founded	1963; 61 years ago (1963) in Karachi, Pakistan
Headquarters	Landhi, Karachi, Pakistan
Key people	Hussain Kuli Khan (CEO) Ali Kuli Khan Khattak (chairman)
Products	Tyres
Revenue	Rs. 15.01 billion (US$52 million)^[1] (2023)
Operating income	Rs. -193.61 million (US$−670,000)^[1] (2023)
Net income	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	Pakistan Kuwait Investment Company Pvt. Ltd (30%) Bibojee Services (Private) Limited (27.79%)
Number of employees	1,078^[1] (2023)
Website	gtr.com.pk

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]

History

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]

References

^ ^a ^b ^c ^d ^e ^f "GTR Annual Report 2023" (PDF). gtr.com.pk. Retrieved 6 December 2023.
^ "General Tyre". DAWN.COM. 16 July 2003.
^ "The General Tyre and Rubber". 4 November 2020.
^ "Free market or protectionism?: Local industry under threat from smuggled tyre". The Express Tribune. 11 September 2011.
^ "General Tyre & Rubber of Pakistan | Company Overview & News". Forbes.
^ "General Tyre And Rubber Co Of Pakistan Ltd". FT.com. 6 October 2014. Retrieved 6 October 2014.
^ "Karachi Stocks | Live GTYR". khistocks.com.
^ "General Tyre to rebrand itself".
^ "SUV tyre manufacturing begins". 11 April 2021.

v t e Automotive industry in Pakistan
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Defunct manufacturers	DYL Motorcycles Nexus Automotive
Components & parts	GTR Loads Limited
Related topics	Pakistan Auto Show Pakistan Automotive Manufacturers Association PakWheels Vehicle registration plates

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