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You are here: Home1 / News2 / International News3 / Nokian Tyres’ Kazakhstan JV on Hold

Nokian Tyres’ Kazakhstan JV on Hold

Date: 11th February 2009 Author: Admin Comments: 0

Amongst the announcements made upon the public release of the Nokian Tyres 2008 financial statement is news that the company’s joint venture in Kazakhstan has been put on hold. The project with Ordabasy Corporation, agreed upon in 2007, has been paused by mutual agreement, Nokian reports. The company adds that the project may be re-launched, at the earliest, in late 2010. An agreement has been made to return an advance payment of 12 million euros, made for technical support, to Ordabasy.

Related news:

  1. Fifth Vianor Tyre Retail Franchise to be Opened in Kazakhstan
  2. Nokian And Amtel Finalise Russian Joint Venture
  3. Nokian tyres Releases Convertible Bonds
  4. Nokian to expand Vianor Industrial network
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agreement, financials, joint venture, Kazakhstan, Nokian, Nokian Tyres

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