Voltyre-Prom Plant to Produce Goodyear Products for Europe

27 December 2018

Voltyre-Prom plant, resident of the Volgograd Region, controlled by U.S. Titan International is to produce Goodyear large-size tires for agricultural equipment, which are primarily intended for export, a spokesman of the Industry Development Fund (IDF) at the Ministry of Industry and Trade said to Vedomosti. The IDF Expert Council approved for the project RUB45.3 million of preferential loan at an annual interest rate of 1 per cent, to mature in 2023. Another loan amounting to RUB19.4 million at preferential iterest rate of 1 per cent per annum will be granted to Voltyre-Prom by the Perspective Development Fund of the Volgograd Region.