ERJ staff report (BC)
Karachi, Pakistan – General Tyre and Rubber (GTR) has invested PKR 500m (Euro 3.85m), reports the Pakistan Observer.
GTR chief executive Shahid Hussain is quoted as having announced the investment at a launch ceremony on 22 February, saying: We have phased this project in two parts. The first phase will help us get into the big motorcycle replacement market. In the next phase we will approach selected top assembly plants to [become] one of their reliable suppliers.”
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