In a high-level briefing to the Prime Minister, Shehbaz Sharif and federal cabinet, SLM presented its ambitious future growth strategy, highlighting a planned investment of $120 million to expand its operations. The company revealed that $40 million will be utilized for Truck and Bus Radial (TBR) capacity expansion, while $80 million has been earmarked for establishing a new Passenger Car Radial (PCR) manufacturing facility within its existing premises.
During the presentation, Chairman & CEO of SLM shared its remarkable achievements in a short span of time, positioning itself as a key player in the global tire industry. The company has already emerged as the third-largest manufacturing facility in Asia outside China, while also securing strong export rankings—standing as the 10th largest exporter to the United States and the 7th largest exporter to Brazil.
Building on its current momentum, SLM aims to significantly boost its export performance in the coming years. The company is on track to reach an annual export target of $100 million within just five years of operations, a milestone that would place it among a limited number of non-textile sector companies achieving such rapid growth and global market penetration.
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