Pakistani/Chinese jv to set up tyre plant in Pakistan

Pakistan’s Service Industries Ltd. and China’s Chaoyang Long March Tyre Co. Ltd. have set up a joint venture in Pakistan for the construction of a radial truck/bus tyre plant. Service Industries has a 51% stake in the joint venture.

Located in Pakistan’s southern Sindh province, the US$250 million plant will be the country’s first radial truck tyre plant in Pakistan.

The plant will have a capacity of up to 600,000 truck tyres/year initially with a second phase to double the capacity. The plant’s capacity will be expanded to 2.4 million units/year.

Production is slated to start by year-end 2020.

Servis Tyre has a plant in Lahore that produces two and three-wheeler tyres and tubes.

Based in Chaoyang, Liaoning province, LongMarch was set up in 2003 and has a capacity of 2.8 million units/year of truck and bus tyres and a workforce of 1,600.