OREANDA-NEWS. On 03 July 2008 was announced, that according to the business plan, within five years the investments in Orelcord are expected to generate 60 million dollars. The programme will concentrate not only on capacity expansion and equipment modernization, but also on advanced manufacturing technologies and new product development.

“Six months ago the Group became the only owner of the company. Since then, the Development Program has been revised and considerably expanded” – says the CEO of Orelcord Alexey Erenichev. “We have identified the areas in which we wish to invest, and developed a principally new pattern of relationships in the supply chain for reinforcing materials – tyres, capable of providing maximum business efficiency for our current and po-tential customers (tyre producers, located in the CIS and Europe) in  today’s market conditions”.

The detailed Development Program of the Company will be presented at a press-conference planned for the 25th of June, in Moscow.