Nizhnekamskshina to Build Truck Tyre Factory

Radik Ilyasov, CEO of Russian tyre maker Nizhnekamskshina, has described the company’s plans to build a $180 million new truck tyre manufacturing plant. Iiyasov told CentreInvest analysts that the company will build the plant by 2009 and it will be capable of producing 600,000 radial tyres a year. The project will involve foreign participation, either through a JV or via a licensing arrangement. In line with this, Nizhnekamskshina intends to complete its reconstruction of a $180 million rubber mixing line by 2007.