Nizhnekamskshina Net Profit Increases.

For the 2006 year Russian tyremaker Nizhnekamskshina gained 175.845 million roubles (£3.4 million) in net profit, contrasting strongly with the 51.2 million roubles (£1 million) loss the previous year. The company explained that this growth was achieved via the writing off of receivables to the value of 90.6 million roubles.

In terms of tyres produced, Nizhnekamskshina is ranked as the third largest tyre maker in Russia, after Sibur-Russian Tyres and Amtel Vredestein. In 2007 the company estimates it will produce 12 million tyres, valued at a total of 12 million tyres, valued at 24 billion roubles (£469.5 million).