Conti, Tatneft Said to Consider New JV - Tire Review Magazine

Conti, Tatneft Said to Consider New JV

(Akron/Tire Review) OAO Tatneft may be looking to create a joint-venture truck tire manufacturing operation in Russia with Continental AG.

The two companies already have a relationship, and according to reports, the new venture may start in 2008.

Tatneft deputy CEO Zagit Sharafeyev reportedly told Interfax that Neftekhim has already contracted with Conti to construct a truck tire plant. That facility, said reports, will open next year and is slated for a capacity of 1.2 million units annually by 2010.

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