A direct pay contract signed between Russian corporation Tatneft and Thai Eastern Rubber is hoped to reduce the procurement costs associated with raw materials for tires.
The agreement was signed following a Thai Eastern Group delegation visit to the Nizhnekamsk SSC tire plant and Kama Research and Technology Center in Russia; this visit and meeting was initiated by OOO Tatneft-Neftekhim Management Co. under the scope of implementing company policy of entering into direct pay contracts with raw material producers.
The Thai Eastern Group delegation was headed by company founder Somchai Kokanutaporn and included Sinenush Kokanutaporn, director of sales and exports. (Tyres & Accessories)