"Tigar Tires" to stop production between December 12 and January 3

Pirot-based automobile tires factory "Tigar Tires" announced that it would start three-week stoppage of production the next day (December 12, 2008).

- The factory’s management has decided to discontinue production in the period December 12 – January 3, 2009, because of the effects of global economic crisis - said Vladimir Nikolić, the Director General of the Pirot-based factory whose majority owner is French "Michelin".

According to his words, the crisis influences Serbia, especially "Tigar Tires", which exports about 90% of its products.

- The problems that occur concern, first of all, smaller number of order, and there is also our wish to reduce quantity of ready-made products on stock at the end of the year and that is why we decided to discontinue production - said he.

According to Nikolić's words, only the service workshops and accompanying services will be available between December 12 and January 3, 2009.