Головна сторінка
/
Новини
/

Kremenchuk Wheel produces trial lot of wheels for Renault

Kremenchuk Wheel produces trial lot of wheels for Renault

19 August 2008

A Kremenchuk Wheel (KKOL: N/R) representative said last week that the company produced a trial lot of automobile wheels for Renault in Russia, which will undergo tests for one month and then serial production of the wheels is planned to be launched. Inna Perepelytsya: Kremenchuk Wheel did not disclose any other parameters of the potential deal or its partner, but we believe the company will deliver the trial lot to AvtoVAZ (Russia’s largest passenger car producer, which Renault bought a 25%+1 stake in this February). If these wheels are approved by AvtoVAZ, we expect that Kremenchuk would start delivering wheels no earlier than in 2009. We estimate that this deal could bring in an additional 5% to sales (~USD 5 mln) in 2009, and up to 10% in 2010-2011 as Renault car production grows at AvtoVAZ plants. AvtoVAZ is currently working out its development plan for 2009-2012 with Renault, and depending on the actual figures, Kremenchuk Wheel could be in line for even more orders than our back-of-the-envelope estimates.

Останні новини

News

23

02/2022

Separatists may claim entire territories of two Ukrainian regions

Russia has recognized “all fundamental documents” of the self-proclaimed Donetsk and Luhansk People’s Republics (DNR...

News

23

02/2022

U.K. to provide USD 500 mln loan guarantee for Ukraine as IMF mission starts

The British government is going to provide up to USD 500 mln in loan guarantees...

News

23

02/2022

MinFin bond auction receipts jump to UAH 3.5 bln

Ukraine’s Finance Ministry raised UAH 3.3 bln and EUR 7.2 mln (the total equivalent of...