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United Rubber (Private) Ltd.

United Rubber (Private) Ltd.

A new auto type plant in the private sector is to be established at an estimated cost of US dollar 3.5 million at the Industrial Estate near Peshawar. The sponsor has already signed agreements with two Taiwan's firms for the import of plant and machinery along with technical assistance. The entire plant and machinery is scheduled to arrive in Pakistan before December 1991 and trial production will start from June. The proposed plant will have annual capacity of 120,000 tyres and 180,000 tubes. The plant besides providing employment to large number of workers will use imported natural/synthetic rubber and auxiliary as main raw material.

It may be mentioned here that the project is being financed by the Asian Development Bank by providing foreign exchange component to the tune of US dollars 1.37 million for financing the import of plant and machinery while rest of the financing has been arranged through local financial institutions in addition to equity investment from sponsors. Besides, Taiwan, the sponsor is also importing a part of integrated machinery of plant form the United Kingdom. The sponsor had already set up a retreading workshop in 1980 which has been in operation since 1981 for tyre retreading in sizes of 10.12, 13, 16 and 20 inches rim.
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Title Annotation:New Projects; new tireplant to be established
Publication:Economic Review
Article Type:Brief Article
Date:Jul 1, 1991
Words:219
Previous Article:Detailed Annual Plan, 1990-91.
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