RUSSIAN petrochemical company Sibur has finalised the transfer of its Voronezh tyre plant to Pirelli and Russian Technologies joint venture. This follows the transfer, also from Sibur, in December 2011 of the Kirov tyre plant.
The joint venture has invested a total of EUR222 million in the transfer operations and will spend a further EUR200 million from 2012 to 2014 on plant improvement and business development. Annual revenues are expected to reach about EUR300 million in 2012 and more than EUR500 million by 2014.(PRA)
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