icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Yokohama Rubber and Itochu sign up for tyre plant in Lipetsk region

Yokohama Rubber and Itochu sign up for tyre plant in Lipetsk region
Japan’s Yokohama Rubber and Itochu Corporation have agreed to build a 4.8 billion rouble tyre plant in the Lipetsk region.

The plant will be constructed in a Special Economic Zone in the region, 500 klm south of Moscow, and when completed will have a capacity of 1.4 million tyres per year. Construction is scheduled to commence in March 2010, at a 24 Hectare site, with plant completion scheduled for September 2011.

The company which will build the plant and market the tyres will be 80% owned by Yokohama with the other 20% owned by Itochu, and has a charter capital of 3.76 billion roubles. The two companies have also agreed to increase Itochu’s investment into Yokohama Russia to 20%.

Podcasts