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…

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