Russian tyre producer Nizhnekamskshina has said that it produced 1.505m tyres in the first quarter of this year, a drop of 48.5% on the same period of last year.
It said that car tyre output dropped 39.4% on the year to 1.078m units.
Nizhnekamskshina had to suspend production in January as its major customers – AvtoVAZ, GAZ, Kamaz, and IzhAvto – suspended their production in the period, according to earlier reports.
Go deeper with GlobalData
Nizhnekamskshina resumed production on January 26.
Russia’s vehicle market has slumped this year as the economic crisis has intensified and some forecasts suggests that it could drop by more than 50% this year.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
