RUSSIA/GERMANY: Henkel in Euro3.4m JV with Russia's Plastik
Henkel KGaA of Germany said today it formed a Euro3.4m venture in Russia with OAO Plastik, an auto supplier there, to make adhesives and sealants for domestic and foreign carmakers in the ex-USSR. The 50/50 venture expects sales of Euro1.0m in each of its first three years. Afterward, it plans to boost turnover 20% annually, based on forecasts car output in Russia will rise from 1.2m in 1999 to 3.0m in 2005.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable