Service Global Footwear Limited has announced plans for a major industrial investment, with its associated company approving a new tyre manufacturing project worth approximately $80 million in Pakistan.
According to official disclosure submitted to the Pakistan Stock Exchange, the Board of Directors of Service Long March Tyres Limited has approved the establishment of a Passenger Car Radial tyre manufacturing facility at its existing site in Nooriabad, Sindh.
The project involves an investment of $80 million, which translates to roughly Rs. 22.4 billion, and is aimed at catering to both domestic demand and export markets.
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