Service LongMarch Tyre: Leading Pakistan's Automobile Exports and Boosting the Country's Economy
In a significant achievement, Service Longmarch Tyre has emerged as the largest manufacturer of Truck Bus All Steel Radial Tyres in Pakistan and has also secured the top position as the number one exporter of automobile parts and accessories in the financial year 2022-23. This outstanding contribution by the domestic automobile industry has played a critical role in supporting the government's efforts to overcome the foreign exchange crisis experienced during the previous fiscal year. The official rankings, featuring the exporters and their respective earnings, have been already published in July-2023 edition of MOBILE WORLD Magazine.
Service Longmarch Tyre's commitment to technological advancement, quality manufacturing, and expanding its global footprint positions it as a key player in the Pakistani automotive industry and contributes significantly to the nation's economic growth.
SLM takes pride in its exports, with its products being shipped to the United States of America and plans to expand its market presence further into countries worldwide. The European Union and Brazil are identified as upcoming target markets. In its first year of commercial operations, SLM expects to achieve around USD 70 million in yearly exports, with projections indicating a gradual increase to USD 300 million.
The manufacturing processes at SLM incorporate the latest All-Steel Radial technology, facilitated by extensive in-house research facilities. Service Industries Limited (SIL), in collaboration with Chaoyang Long March Tyre Co. Ltd. (LM), a prominent Chinese manufacturer of all-steel truck and bus radial tyres, and Myco Corporation Pakistan, established the joint venture company known as Service Long March Tyres (PVT) Limited.
The Service Longmarch Tyre's leadership in the manufacturing of Truck Bus All Steel Radial Tyres has enabled them to capture a significant share of the international market. The company's commitment to producing high-quality products, coupled with its competitive pricing strategy, has led to significant achievements and recognition as a leading exporter in the sector.
Publication of the official list of Automobile, Parts, and Accessories Exporters for the fiscal year 2022-23 in MOBILE WORLD Magazine highlights the remarkable achievements of these visionary companies. It showcases their significant contributions to strengthening the national economy and their role in addressing the foreign exchange crisis faced by the country.
Service Longmarch Tyre (SLM) has established itself as the pioneer and leading manufacturer of All-Steel Radial Tyres in Pakistan, with a complete transfer of technology from the start of the project. The facility began commercial production in March 2022 and has since been exporting its products to multiple countries.