Chairman General Tyre, Lieutenant General Ali Kuli Khan Khattak (Retd) has said that company has a plan to set up a manufacturing plant in North "where we could produce some new products to supplement our current range and add more profitability." He was addressing a gathering to commemorate 50 years of General Tyres. Despite several challenges and tough operating environment local tyre industry has strengthened the economy by not only saving foreign exchange while fulfilling local demand but also earning the much needed foreign exchange through increasing exports.
"General Tyre and Rubber Company alone contributed around Rs 16.5 billion to national exchequer in three decades and emerged as leading and most trusted tyre brand of the country," he added. "Inshallah, I am sure our dedicated workforce led by their able captain will help me realise my dream of setting up plant in North," Chairman General Tyre added.
While talking about the initial days of the company and its struggle he said that his late father Lieutenant General Habibullah Khan had a basic philosophy for life and that was to care of the people under his command. "Be it the Army or his private enterprise he had the same philosophy which has resulted in three generations working in not only our various companies, where the average working life spent is 25 years, but it was the same case with our dealers where the third generation is running the show," he added.
Ali Kuli Khan said that as per vision of his father for social development, all the companies in the group donate 2.5 percent of their profits to Wakf-e-Kuli Khan, a non-profit organisation which provides free education to the needy. Chief Executive General Tyre Shahid Hussain said that 50 years are just the beginning of a new era and thanked all the partners, workers, dealers and customers who played part to make General Tyre a success story of the county. "Our success does not hinge on doing things in isolation. We have a very good understanding with our equity holder Continental AG and their Director on our Board Dr Willi Flamm. Similarly, we have a very good understanding with our other equity partners including Pak Kuwait Investment Company and National Investment Trust," he said.
It is pertinent to mention here that General Tyre while showing confidence in Pakistan's market invested Rs 500 million in motorcycle tyre production and plant enhancement early this year, which also created job opportunities in this recessionary period. GT produces passenger car tyre, light truck tyre, truck / bus tyre, tractor tyre, rickshaw tyre and motorcycle tyre having extensive dealer network across the country. Some 50 percent of its tyres are sold to the original equipment manufacturers (OEMs) - carmakers - in the country. The company also exports its products to Afghanistan and Syria and is exploring new export markets.-PR
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