Service Long March Tyres Limited (SLM) has announced a significant expansion of its manufacturing capabilities, increasing its annual production capacity for Truck and Bus Radial (TBR) tyres by 25%. The company disclosed the development to the Pakistan Stock Exchange (PSX), stating that its production capacity has been successfully enhanced from 1.6 million tyres per year to 2.0 million tyres per year.
According to the company, the capacity expansion is part of its long-term growth strategy and reflects its continued commitment to strengthening operational efficiency and creating sustainable value for shareholders. The increased production capability is expected to enable Service Long March Tyres to better address the growing demand for TBR tyres in both Pakistan and international markets.
Management believes the expansion will further reinforce the company’s competitive position within the tyre industry while supporting higher sales volumes. With the additional capacity now available, SLM expects to generate increased revenues and improve profitability in the coming years as it capitalizes on expanding market opportunities.
The announcement comes at a time when demand for commercial vehicle tyres continues to grow, driven by infrastructure development, logistics activity, and transportation needs. By expanding its production base, Service Long March Tyres aims to strengthen its presence in both domestic and export markets while enhancing its ability to meet customer requirements efficiently.
The company shared the information as a material disclosure in compliance with the Pakistan Stock Exchange Rule Book and the Securities Act, 2015.
