Doublestar signs agreement for tire JV in Pakistan

Islamabad, Pakistan – Doublestar signed agreement on 13 November with Pakistan’s tire trader MSD Tire & Rubber Company and the country’s leading bus operator Daewoo Express to build a joint venture tire plant in Pakistan.
 
The plant has 7 million unit annual capacity and will become the largest in Pakistan when fully on-stream. Doublestar will provide technical support and equipment, the company told ERJ. 
 
LongMarch, a Chinese tire maker based in Chaoyang, Liaoning province, also announced its plan for a Pakistan plant earlier this year.
 
Phase one of the plant, with $220 million investment earmarked, has annual capacity for 1 million unit truck and bus tires and 3 million unit passenger car tires.  
 
Phase one is scheduled to start operation by the end of 2021. Tires made at the plant will supply to local consumers as well as several regions in South Asia and Central Asia, said Doublestar.
 
Doublestar declined further comments on the project.