PRAGUE. Czech Republic (Feb. 10)—Slovak Republic rubber company Matador Puchov plans to spend more than $24 million in 2003 to increase output and modernize production. The investment will be used to boost output, and upgrade production of passenger tries, conveyor belts and curing molds, a company spokesman said. The funds also will be used to expand Matador's retail outlet network, and to open a pilot plant for sports car tires, and a testing track. About 60 percent of the necessary finances will come from company sources and 40 percent from bank loans, the official said.
Matador plans to upgrade tire, belting production
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