Sibur-Russian Tyres announces strong results; addresses future

ERJ staff report (DS)

Moscow -- Sibur-Russian Tyres said that in 2010, it made 8.7 million tyres, including 5.7 million passenger and light truck tyres, 2.9 million tyres for commercial vehicles and 100,000 other tyres (aircraft tyres, solid tyres and etc.). Compared with the results of 2009, production increased by 14.4 percent.

The company said it invested 3 billion rubles (euro 73.5 million), mainly on the completion of the project to make all-steel truck radial tyres, with capacity of 650 thousand tyres per year.

General Director of JSC Sibur - Russian Tyres Vadim Gurinov said, "Overall in 2010, despite a difficult first half, performance for the year almost reached the level of the most successful pre-crisis 2007. "

He noted that the integration of the main Russian tyre makers -- Sibur Russian Tyres; Amtel and Nizhnekamskshina is progressing, in particular, the merged company is also developing a series of joint ventures with Pirelli.

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Press release from Sibur - Russian Tyres (Russian language)

Above Press release Auto-translated into English from Russian