Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Chinese company to build tyre casing plant in Bashkiria
31.07.2012 16:30
Chinese company to build tyre casing plant in Bashkiria

One of the largest tyre producer in China, Triangle Group, has decided upon its tyre plant location in Russia. The plant which will produce 4-6 million tyres a year will be placed in Bashkiria. The project will get 250 million euro investments.

Bashkiria will grant Triangle Group some tax benefits. So the company will be exempted from property tax for ten years. It will get pretty benefits in profit and land taxes.

In 2011 Triangle Group sold 366 thousand tyres in Russia. In the first quarter 2012 the sales result has become 180 thousand tyres, what has let the company to have 3.3% of truck tyre market and 0.98% of motor car tyre market.




Author: Irina Fomina

Tags: Russian business     

Next Previous

You might also find interesting:

Dollar Exchange Rate May Rise By Three-Five Roubles
Sberbank Enters eHealth Market
Volume Of the Russian Market of New Cars Rose by 10.2 Percent
The CJ CGV Network Of Cinemas In South Korea Is Interested In the Russian Market
Sberbank Launches New Service For Small Businesses

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Oboronservis scandal  SMP bank  Golden Mask  Auguste Rodin  ROSCOSMOS  Serdyukov  Russian Cinema  Mercedes-Benz Fashion Week Russia  Baikal  Krasnodar region  Russian fashion  Rostov-on-Don  Russian Photographers  Inna Churikova  Russian laws  Smolensk  ZDDZ London  Russian history  life  Space Exploration  Vladimir Bogomolov  Leonardo da Vinci  Russian Literature  Old Russian Literature  Moscow  Vladimir Vysotsky  Kabardino-Balkaria  Russian photography  Moscow State University  FIFA  Archeology  Cossacks  Vera Mukhina  Nyagan  Valentin Yudashkin  Flea Market  Evgeny Garanichev  Rock Concerts  nuclear physics  Unified Space System  Russian tourism  Karelia   migration in Russia  Sochi Games   Valeri Kharlamov  Exhibitions in Moscow  satellite  Russian Astronauts  Painting  Russian business 

Travel Blogs
Top Traveling Sites