Goodyear is reportedly considering plans to invest in a new tyre production plant in Yaroslavl region north of Moscow.
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According to local media reports, Goodyear executives met with the regional governor in the Yaroslavl region in April to discuss a land acquisition for the new plant.
Goodyear has reportedly also asked Russian president Dmitry Medvedev to provide the company with incentives to support the project.
Business daily Kommersant reported that Goodyear plans to produce 5m tyres a year at its new plant.
However, the newspaper also noted that Goodyear’s plans may meet with resistance from local tyre maker Sibur Russian Tires.
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