HANOVER, Germany (April 11)—Continental A.G. has agreed to eventually take majority control of Moscow Tire Plant, a deal that will allow the Russian facility to expand and upgrade. The German company will spend $43 million over a three-year period, with $15 million invested this year after a formal contract is signed. Initially, the plant will increase production of Taganka-brand tires to 5 million units annually from 2 million units, and eventually make Continental, Barum and Gislaved passenger and light truck tires, Conti said.
Conti cuts deal with Moscow Tire
Letter
to the
Editor
Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].