Sibur-Russian Tyres Opens Credit Line - Tire Review Magazine

Sibur-Russian Tyres Opens Credit Line

(Clacton, U.K./Tyres & Accessories) Sibur-Russian Tyres Co. has obtained a credit line worth $300 million from Evrofinance Mosnarbank. The loan’s fixed interest rate is 8.5% per annum.

 The credit line was opened to cover seasonal payment delays from winter tyre customers, according to the company’s new communications manager Natalia Vasutina. The loan will be drawn up by Dec. 1. One of Sibur-Russian Tyres subsidiaries has been used as credit security.

Vadim Yakovlev, CFO of Sibur-Russian Tyres, commented: “Enough low interest rate confirms financial institutions confidence in our company activities.”

You May Also Like

TBC launches new Power King Navitrac commercial truck tires

Designed for a wide range of applications, the company said all Navitrac tires are backed by a five-year, two-retread warranty.

TBC-Brands-Navitrac-Banner

TBC Brands, a subsidiary of North American tire distributor TBC Corporation, introduced the all-new Power King Navitrac medium radial truck tire portfolio, with new tread compounds, retreadable casing and key industry size requirements. TBC said the refreshed Navitrac portfolio is produced in a new production facility and includes six power lines with sizes ranging from 17.5-in. regional all-position to a 385/65R22.5 wide-based mixed service. In addition, every Navitrac tire is backed by a five-year, two-retread warranty package, which the company said helps give fleets confidence on the road.

VIP Tires & Service, Joe’s Tire Shop launch customer appreciation promotions

Promotions will be running through Aug. 21.

VIP-Tire-Waterbury-Customer-Appreciation-Event
ASE to provide a testing and certification program for xEV high-voltage safety

Once the test is passed, the test-taker receives an electronic credential and a certificate.

BKT becomes member of the Global Platform for Sustainable Natural Rubber’

GPSNR brings together natural rubber producers, traders, tire manufacturers and other industry partners to promote sustainable solutions.

OTR-tire-feature-– BKT-Earthmax-Sand-Pic-1400
Goodyear launches Cooper Discoverer Stronghold AT tire

Available in 28 sizes with a 16- to 20-in. rim diameter, the tire is compatible with a wide range of pick-up trucks and off-road vehicles.

Goodyear-Cooper_StrongholdAT_Chevy
Other Posts
PRT launches 28 new complete struts in North America

These products expand coverage to nearly 6 million vehicles.

PRT-28-new-struts-1400
Doran releases 360OTR tire monitoring system

The system can be integrated with telematics devices to provide off-vehicle communications of tire pressure and temperature data.

Doran-4-tire-monitoring-system
Following AC system service, how much oil is needed?

Learn how to determine the correct amount of oil to add when replacing the compressor in an AC system.

Maintenance-IQ-feature
Akebono names new regional sales manager

Erick Kinnunen joins Akebono with more than 40 years of experience in aftermarket sales, training and management.

Akebono-regional-sales-manager