Chinese company looks to enter tyre sector

Pakistan’s industry can hardly meet 15% demand, says PCJCCI chief


Our Correspondent April 29, 2016
Pakistan’s industry can hardly meet 15% demand, says PCJCCI chief. PHOTO: REUTERS

LAHORE: The Chinese O2O (Online to Offline) model practised in the tyre industry can establish backward- and forward-supply linkages in Pakistan, said Pak-China Joint Chamber of Commerce and Industry (PCJCCI) President Shah Faisal Afridi.

He said this at a meeting with Jinan Kemp International Trading Company Chairman George Sun, the pioneer of tyre industry in China with worldwide production facilities, who is visiting Pakistan to introduce Chinese hi-tech and stress resistant modern technology in the country.

Ahsan Iqbal hails China's investment interest

Afridi said that collaboration with the innovative Chinese tyre industry can bridge the huge demand gap for tyres in Pakistan. He described this opportunity as a radical shift in the automobile industry of Pakistan.

He said that the tyre industry of Pakistan can hardly meet 12 to 15% demand and the shortfall paves the way for international companies, which is a positive development.

“Keeping in view the growing demand, the government can attract domestic as well as foreign investment in the rubber tyre industry by resolving structural problems of the sector,” said the PCJCCI president.

Also speaking at the meeting, Sun said that his brand of tyres is preferred globally due to durable and innovative hi-tech manufacturing units installed in major developed countries.

Is Pakistan really a dream destination for China?

He said that seeking the huge demand of cost effective and durable tyres in Pakistan he is planning to initiate state-of-the-art R&D centres and Tyre Research Institutes to stay at the forefront of technological advancements and remain the nerve centre for providing cutting edge technology.

Published in The Express Tribune, April 30th, 2016.

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COMMENTS (2)

Woz Ahmed | 4 years ago | Reply Fantastic news . Does anyone have a link to the companies web site ? I can't find one but may be an issue of translation. George Sun was quoted last month that he will be using Pakistan to source offal for China, sounds a bit odd for the pioneer of the multi billion dollar Chinese tyre industry.
Talha Khan | 4 years ago | Reply This seems that Pakistan will became trading country and the world can sell their product at a cheaper rates, dumping their product into Pakistan. our government is looking reluctant to increase local investment or joint ventures for development. its a serious matter and top slot professionals should support local industry for opportunities and job creation. it is requested that imported items should be banned in Pakistan and govt should encourage local companies to go into manufacturing.
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