Amtel Vredestein N.V. is dropping Vredestein from its name, has appointed a single-member board and approved a set of proposals for financial restructuring. The company is to be renamed Amtel N.V., following the sale of Vredestein Banden B.V. to India’s Apollo Tyres Ltd.
AMTEL completed the acquisition of the entire issued share capital of the Dutch-based international tire manufacturer Vredestein Banden B.V.
AMTEL Holding?s net profit is $65 million in 1Q of
АMTEL invests $100 million into the modernization of its plants, tire output is planned to reach 20 million units annually by the end of 2006.
ООО Volgograd Carbon Black Plant is proclaimed ?Best Business of 2004? in a Volgograd regional competition.
AMTEL and the European Bank of Reconstruction and Development (EBRD) sign an agreement for long-term financing of tire plant modernization and environmental safety projects.
Templeton Strategic Emerging Markets Fund exercises its option to buy additional shares of AMTEL Holding, increasing its stake in AMTEL's equity to 5.65 percent.
AMTEL agrees to sell 10 percent of its shares to 20 institutional investors in Europe, America and Russia. A total of 450,000 shares are sold at $76 dollars per share, worth $34.2 million.
AMTEL signs an agreement with Nokian Tires establishing a joint venture in Russia to produce brand-name tires.
AMTEL sells a 3.75 percent stake in the holding to the Templeton Strategic Emerging Markets Fund.
Based on consolidated financial results for 2003, AMTEL Holding manufactured 11.9 million tires, an 8.7 percent increase over 2002.
Amtelshinprom is created to organize uniform distribution and sales of AMTEL Holding?s products.
R&D-AMTEL, the holding?s research and development division is established.
In late December 2002, OOO Amtelshinprom issues its first three-year bonds, with a value of 600 million rubles.
Khimvolokno Amtel-Kuzbass and the Volgograd Carbon Black Plant join the AMTEL Holding.
In August of 2000, ООО AMTEL Holding is founded.
AMTEL's high standards for tire manufacturing are confirmed by TUV Certification, which is the highest level of the ISO 9001:2000 standard.
Rosava Joint Venture is founded with the Belaya Tserkov Tire Plant (Ukraine), in which AMTEL acquires a 51 percent stake.
AMTEL becomes a shareholder in ОАО Kirov Tire Plant
AMTEL acquires the Voronezh Tire Plant, Kemerovo Khimvolokno and Chernigov Khimvolokno.
AMTEL begins developing its tire business with increased deliveries of natural rubber and latex for the petrochemical industry.
AMTEL starts to establish a tire holding, having started actively acquiring tire plants.
AMTEL acquires a controlling stake in ОАО Krasnoyarsk Tire Plant.
Between 1994 and 1997 the AMTEL group initiates construction of a series of turnkey food factories based on the latest equipment from Tetra Pack.
AMTEL begins operating in Russia, supplying equipment and spare parts to defense conversion factories, natural rubber to Russian tire plants and industrial rubber factories, and computer equipment to scientific institutes in the energy sector.