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Watts Tyres forms JV with Bulgarian firm

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Industrial tire manufacturer Watts Tyres plc has formed a joint venture with Balkancar Zarya plc, a Bulgarian wheel producer.

The venture will be called Watts Zarya Ltd. and is "the cornerstone of our strategy to be the leading wheel and tire provider to the material handling industry," says Watts CEO Jean-Paul Mindermann.

"Balkancar Zarya is an excellent partner with high-quality wheels to complement our tires and existing wheel business."

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