Inergy Automotive Systems, a wholly-owned subsidiary of Plastic Omnium, has signed an agreement with Russian company Detalstroykonstruktsiya to create a joint venture making plastic fuel tanks for the Russian market.
The company, which will be 51% owned by Inergy Automotive Systems, will supply fuel tanks to a number of makers including AvtoVAZ, Ford and Avtoframos, as well as future Nissan and Renault models produced in Russia.
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Plastic Omnium said that the new company will benefit from rapid growth of the Russian car market as well as the substitution of steel tanks for plastic ones.
