Project Description
IFC has partnered with G&T Tyres (Private) Limited (a wholly owned subsidiary of Novatex Limited), a limited liability company established under the laws of the Islamic Republic of Pakistan, under a Collaboration Agreement to co-fund and collaborate on a scoping study to evaluate the prospects of a potential ~$250 million Tire Manufacturing Plant. Following the conclusion and outcomes of the scoping study, and if the parties mutually agree, the parties will proceed with further prefeasibility or feasibility studies to confirm project viability under a Joint Development Agreement with the aim of eventually co-investing in a commercial facility.