ERJ staff report (DS)
Moscow - AvtoVaz has signed a three-year supply deal with tyre-maker Nizhnekamskshina in which the tyre-maker will supply tyres to AvtoVaz' car factory in Togliatti.
The deal is for a total of 9 million tyres, split between the three years. In 2012 deliveries are scheduled to be 2.5 million, rising to 3 million in 2013 and 3.5 million in 2014.
AvtoVaz said, â€œPricing will be formed with the help of formulas and terms used by the world's leading manufacturers of buses and cars. â€œ
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Press release from Avtovaz (Russian language)
Above Press release auto-translated from Russian