Nokian begins 300 mln euro Russian tyre plant

Newswire

ST PETERSBURG, Russia, June 23 (Reuters) - Finnish tyre maker Nokian Renkaat has began building its first plant in Russia and will invest 300 million euros in the greenfield project amid booming car demand, a Russian official said on Wednesday. Alexander Butenin, spokesman for the Leningrad region economy and investment committee, told Reuters the plant, being built in the city of Vsevolozhsk near St Petersburg, would start production in the second half of 2005. It will initially produce ...

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