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New tyre plant for Russia’s far east

Author: Stephen Goodchild Comments: 0
Igor Zaytsev (l) & Kirill Kamenev signed the agreement on 5 September (Photo: Russian Far East and Arctic Development Corporation)

Russia’s government is supporting the construction of a new tyre plant in the east of the country. The Russian Far East and Arctic Development Corporation has entered into an agreement with Vladivostok-based limited liability company Vlad-Garant to set up a tyre manufacturing facility in Primorsky Krai, a region bordering both China and North Korea. According to the Corporation, the car tyre plant project will attract investments totalling 10 billion roubles (£84.0 million) and create 134 new jobs in the region. It anticipates that the plant will be operational by 2027.

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