PAKISTAN—The chairman of General Tyre and Rubber Co., Lieutenant General Ali Kuli Khan Khattak, said the company will set up a manufacturing plant in northern Pakistan as it looks to expand its operations.
The announcement was made by Khattak during a gathering to commemorate 50 years of GT. The company was founded in 1963 by General Tire USA. He said General has spent $155 million in the last three decades in the country.
GT is strong on social issues; all companies in the group donate 2.5 percent of their profits to Wakf-e-Kuli Khan, a non-profit organization which provides free education to the needy.
GT invested nearly $4.7 million in motorcycle tire production and plant improvements earlier this year. The company produces tires for cars, trucks, buses, tractors, rickshaws and motorcycles. Some 50 percent of its tires are sold to the original equipment manufacturers —car makers—in Pakistan. GT also exports to Afghanistan and Syria and is exploring new export markets.