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European Bank Takes Stake In Russian Tyre Venture

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The European Bank For Reconstruction And Development will provide 20 million dollars in funds to Michelin Russian Tyre Manufacturing, giving it a 49 per cent shareholding in the plant at Davydovo. Production at the new facility is expected to reach 2.1 million units by 2005.

Related news:

  1. Michelin Determined to cut North American Labour Costs
  2. Michelin Opens $70.2 Million Hungary Factory
  3. Romania Becoming Interesting Distribution Market
  4. Michelin Temporarily Closing Romanian Factories
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