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17 October, Tuesday

Ufa   °

Large investment project implementation has started in Bashkortostan

Economy/Business

A working group is created by the Decree of the Government of Bashkortostan, which will assist the Triangle Company (China) in preparation and implementation of the investment project on building a tire manufacturing plant in the republic. Eugene Mavrin, the Deputy Prime Minister — Minister of Economic Development RB was appointed the head of the working group.

It is planned that the new production will be located near Sterlitamak. Presumably, the investment in the project will amount to about 250 million euros in the first stage with production capacity — more than 4 million tires a year.

Agreement on the construction of the plant was reached on July 25, 2012 during a meeting of the President of Bashkortostan Rustem Khamitov with representatives of business circles of China, headed by the Chairman of the Board and President of the Triangle Holding Din Yuhua.

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