Sameer tyre manufacturer company is set to close its industry in the country by the end of this month.  

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The company released a statement that the decision is due to some companies that are competing with cheap products both in the country and from imports. 

"The decision is due to subsidized tyre imports entering the country. The productions of tyres will be done in India and China," read part of the statement.  

The closure will render many people jobless who works at the manufacturing plant since by 30th this month, the industry is expected to have been closed.