AvtoVaz to purchase 9 mln car tyres from Tatneft's tyre enterprise by 2015
MOSCOW. March 19 (Interfax) - OJSC AvtoVaz and OJSC Nizhnekamskshina , which an enterprise in OJSC Tatneft's tyre group, have signed an agreement for a strategic partnership by 2015, AvtoVaz said in a statement.
The statement said that the agreement foresees AvtoVaz buying 2.5 million car tyres in 2012, 3 million tyres in 2013, and 3.5 million tyres in 2014.
"Pricing will be developed with the help of formulas and terms used by the leading world producers of tyres and cars," the statement said.
Tatneft's tyre group includes OJSC Nizhnekamskshina, LLC Nizhnekamsk Truck Tyre Plant, LLC Nizhnekamsk Tyre Plant TsMK, as well as LLC Tatneft-Neftekhimsnab (material supplier) and LLC Kama Trading House (engages in the sale of tyre products).
AvtoVaz is Russia's biggest car producer and plans to boost production and sales of cars this year by 2.5% to 748,000 units.