CORPORATE NEWS

Matador to supply Indian tire producer

Matador Inc., Púchov, the biggest Slovak tire producer, signed a contract to supply comprehensive tire production know-how for the newly built tire plant Palazhy Tyres in the Indian province of Kerala. In addition to technology and services worth $5 million (160 million Sk), the two parties concluded a preliminary $18 million (590 million Sk) agreement on supply of rubber and tire manufacturing machinery made by Matador Machinery (Matador's subsidiary) and Konštrukta Industry Inc.

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