You are here: / / / Matador In Ethiopian JV

Matador In Ethiopian JV

Author: Tyrepress Editors Comments: 0

Slovak tyre manufacturer Matador is set to sign a joint venture agreement with Ethiopian firm Addis Tyre. Details are sketchy, but it is believed that Matador will pay around US$ 10 million for a stake in Addis of between 60 to 76 per cent. The Addis factory was built in 1971 by a company from what was then Czechoslovakia and produces 100,000 tyres annually for the local market.

Related news:

  1. Nokian And Amtel Sign Joint Venture Agreement
  2. Cabot announces JV with China’s Bluestar
  3. Goodyear To Buy Remainder of Sava
  4. Belshina Continues Tyre Line-Up Modernisation
Comments
Comments closed
Share this entry
Continental Looks Forward To EU Expansion Continental And JK Tyre Review Options

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.