Service Long March  Tyres has announced an investment of Rs30 billion  in Pakistan to expand its operations in the South Asian country.    The  Chinese-Pakistani joint venture    CEO and Chairman    shared the  development plans during a meeting with the  Prime Minister Shehbaz Sharif.     The CAPEX plan will  double production  capacity and will increase exports to $100 million in 2025.        SLM has shown interest  to start a new project exporting specialised tyres from Pakistan to EU and USA.      SLM is an all-steel radial truck and bus  Tyre manufacturing company in Pakistan, and was set up through a JV between Servis Group and Chaoyang Long March of China.     Service Industries Limited and its subsidiary company, Service Global Footwear Limited, hold 32.09% and 18.91% equity stake, respectively, in SLM. (ICE ISLAMABAD)

Fonte notizia: business recorder