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Nizhnekamskshina Plans Radial SUV Tyre Production

(Clacton, U.K./Tyres & Accessories) Nizhnekamskshina, Russia’s largest tiremaker, has announced that it will increase capital expenditure by 14.9% to 880 million rubles ($17.6 million) in 2006.

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The company will invest in plant upgrades and in new capacity, including the production of radial tyres for SUVs and light trucks.

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CentreInvest analysts quoted company CEO Radik Ilyasov as saying sales will increase sales by 24.8 per cent to 18 billion rubles (£360 million) in 2006 and increase output volume by 1.2% to 12 million tyres. “While we view the news positively, we believe it will not affect Nizhnekamskshina’s margins, whose pricing policy has long been determined by controlling shareholder, Tatneft,” the analysts commented.

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