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Karachi, Ghandhara Tyre and Rubber Company Limited (GTR), a prominent player in the tyre manufacturing industry, has responded to allegations leveled against it in a recent article published through electronic media on August 21, 2023. In accordance with Section 96 and 131 of the Securities Act, 2015, and PSX Rule Book Regulations, the company addressed the matter, outlining its commitment to compliance and quality standards.
The article in question came to the company’s attention on August 22, 2023. In a strong response, GTR categorically denied and refuted the allegations presented in the article. The company highlighted its intention to challenge the content’s accuracy before the appropriate forum in order to safeguard its interests and those of its stakeholders.
Furthermore, GTR underscored its long-standing adherence to compliance and regulatory frameworks that apply to its business operations. The company has consistently upheld the highest standards of quality in its tyre manufacturing processes. Notably, GTR manufactures tyres in accordance with the standards set by renowned international bodies such as the European Tire and Rim Technical Organization (ETRTO), Japan Automobile Tyre Manufacturers Association Inc. (JATMA), and Tire and Rim Association Inc. (TRA), USA. These standards reflect GTR’s commitment to delivering safe and reliable products to its customers.
The company also stressed its close adherence to the practices established by its technology partner, Continental AG Germany. This partnership ensures that GTR follows the best industry practices in its manufacturing processes.
Moreover, GTR proudly announced that it has obtained the prestigious E-Marking for its tyres and holds ISO 9001, 14001, and 45001 certifications. These certifications highlight the company’s dedication to maintaining a high level of quality, safety, and environmental responsibility.
As Ghandhara Tyre and Rubber Company confronts the allegations head-on and reaffirms its commitment to transparency, compliance, and quality, the industry and its stakeholders closely observe the unfolding developments. This incident underscores the importance of factual and accurate reporting and the company’s unwavering commitment to delivering excellence in its products and operations.
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