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Dniproshina, Rosava Announce Mixed 9M Results

Dniproshina, Rosava Announce Mixed 9M Results

10 November 2008

Dniproshina (DNSH), Ukraine’s largest producer for large truck tires, produced 920 ths tires in 9M, down 22% yoy. In contrast, Rosava (ROSA), Ukraine’s largest domestic car tire producer, increased production by 4% yoy over the same period. Vladimir Nesterenko: Rosava’s owner Finance & Credit group has plans to create Ukraine’s largest tire maker based on Rosava, and launch an IPO by 2009. Chernigivske Khimvolokno (CHIM: BUY) supplies tire cord to Rosava and F&C may seek to acquire CHIM for its tire holding.

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