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:

Sberbank - the Most Reliable Russian Bank
Russian Textile Week 2017
Wine Prices Went Up
Farm Renaissance Is Seen In Russia
Web Sites Trading In Goods Under Sanctions Can be Blocked

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Russian Cinema  Exhibitions in Moscow  Surgutneftegaz   pensions  Dagestan  Gautier-Dufaye  Ivan Puni  Russian journalists  Lake Tchebarkul  the Crimea  profit  Archeology  Russian tourism  Russian business  Moscow monuments  Russian politics  air pollution  plane crush  Moscow  business  Garri Bardin  Throat Singing  incident  Aeroflot  Konstantin Malofeev  Ob River  Russian Premier League  Kolomenskoye  South Stream  Painting  Russian travellers  New Museums  Sergei Botkin  Alexander Sokurov  Yeisk  Concerts in St. Petersburg  2018 FIFA World Cup  Russian history  Mercedes-Benz Fashion Week Russia  Contemporary Arts  Zenit St. Petersburg  Russian Theater  alcohol price  obituary  Russian Literature  Live, Forest!   Patriotic Musical Holding  Marihuana  Northern Caucasus  Russian rouble 

Travel Blogs
Top Traveling Sites