Tyre makers Matador, Púchov and Finnish company Nokian Tyres will raise their production levels from the current 300,000 to 500,000 tyres next year, according to a new contract of cooperation.
The contract with the Finnish firm enables annual output to be boosted by 1 million tyres over the next few years, according to the SITA news wire.
"The two companies signed the contract for the 2005-2009 period. This replaces the January 2003 contract, when the two firms started to cooperate on tyre production for passenger cars," Matador spokesman Pavol Hanzel said.
Nokian Tyres will invest around €3 million on equipment.
Compiled by Beata Balogová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
9. Nov 2004 at 12:23