Market hearsay went that Qingdao Doublestar Tire Co., Ltd. will have a big move in Pakistan.
Doublestar Tire has reached an agreement with its Pakistani customs in establishing a South Asian trade joint venture and worked out detailed schedule about when to ink the agreement and to start operation.
At the same time, the two sides officially launched the joint venture construction project and proposed to set up a rubber and tire industrial park.
Statistics show that in 2016, China's export of truck and bus tires to Pakistan totaled 87,000 tons, up 17.1% year on year, making Pakistan among the fastest growing export destination of China's truck and bus tires.
Doublestar Tire also favors the rapid growing market.
Doublestar Tire's Pakistani distributors conference in 2017 was held lately in Karachi, the largest city in Pakistan.
Doublestar Tire vows to respond to China's Belt and Road Initiative and the construction plan of China-Pakistan Economic Corridor, develop new products suitable for the Pakistani market, increase its visibility in local market, and build itself into a leading tire brand in Pakistan.
Exploiting and cultivating the Pakistani market is a significant move of Doublestar Tire's overseas strategy. The company has established distributor network and flagship stores to increase its brand visibility.
