Conti puts Russia project on hold

Hannover, Germany–Continental AG has put its joint venture with Moscow Tire on hold for the forseeable future. The project has been subject to a series of delays and problems since it was signed in September 2002. The latest row concerns a comment from central government which appears to question the future of large-scale industrial operations in residential areas, notably in Moscow city.

A spokesman for Continental said that although there have been many delays in the project for a variety of reasons, each of them could…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with