Triangle investing in Russian tyre production plant
Various news sources are reporting that leading Chinese domestic tyre manufacturer Triangle Tire is taking its international operations to the next level with the investment of some 250 million euros in a new tyre factory in the Western Russian Republic of Bashkortostan. The unconfirmed reports suggest that the new plant will be built in one of two areas near Sterlitamak and that the government is offering Triangle a subsidy that will save the company as much as 10 years’ property tax.