Has work begun on a new greenfield factory in Russia, or is that still in the planning stages?
It is not a greenfield factory in the traditional sense, I guess. What we are doing is building a new factory using free space at our site in Voronezh. It is actually in the middle of other factory buildings there. It is not an expansion; it is a standalone facility. Our Voronezh facility, in terms of area, is 10 times the size of our other facilities. We decided we didn’t need all this space, so we have demolished certain buildings there and are building basically a new factory inside the existing factory. The new factory area is approximately 25,000 square meters under roof. Voronezh is quite an interesting plant. Before we acquired it, the plant was manufacturing two million tires all kinds of tires, truck tires, ag tires, special military tires, bicycle tires. It was a huge manufacturer of bicycle tires seven million tires on top of the two million I already mentioned. So, when we took over, we built a factory, which we call Voronezh I, that now has a capacity of 2.2 to 2.5 million
