The ‘Russian Period’ an Emotional Time, Reflects Apollo Vredestein CEO

Speaking on the termination of Vredestein’s five-year connection with Russia’s Amtel in 2009, Apollo Vredestein BV CEO Rob Oudshoorn has admitted in a company publication that “everyone at Vredestein let out a collective sigh of relief” when the cooperation finally ended. Apollo Tyres’ acquisition of Vredestein Banden BV was concluded last May following a prolonged period of financial difficulty for parent company Amtel-Vredestein N.V., and expectations remain high that the Indian company will inject fresh life into its Dutch subsidiary.