PAKISTAN
Service Industries Limited (SIL) has informed the Pakistan Stock Exchange (PSX) that the Board of Directors of its subsidiary/associated company, Service Long March Tyres Limited (SLM), has approved the establishment of a Passenger Car Radial (PCR) tyre manufacturing project in Pakistan.
According to the notification, the new project will be set up at SLM’s existing manufacturing facility in Nooriabad, Sindh. The Board has approved an investment of US$80 million for the project.
The company stated that the planned PCR tyre manufacturing unit will cater to both domestic and export markets, reflecting the group’s strategy to expand its footprint in the automotive tyre segment and strengthen Pakistan’s local manufacturing base.
Service Industries Limited is one of Pakistan’s leading conglomerates, with diversified operations spanning footwear manufacturing and retail, tyre production, and related industrial ventures. The company owns well-known footwear brands and operates an extensive retail network across Pakistan.
Through its tyre manufacturing arm, including Service Long March Tyres Limited, SIL has established a strong presence in the truck and bus radial (TBR) tyre segment. The newly approved Passenger Car Radial (PCR) project marks a strategic expansion into the passenger vehicle tyre market.
With a focus on innovation, quality, and export growth, Service Industries Limited continues to play a prominent role in Pakistan’s manufacturing and industrial development.
ER News Desk
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