21 Mar 2012
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, “Pricing will be formed with the help of formulas and terms used by the world's leading manufacturers of buses and cars. “
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Press release from Avtovaz (Russian language)
Above Press release auto-translated from Russian
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