Amtel-Vredestein Begins Work on ‘State-of-the-Art’ Russian Plant
(Akron/Tire Review) Amtel-Vredestein NV says it will invest another $124 million to expand its Voronezh, Russia, tyre plant. The Voronezh II project, previously announced, will see a state-of-the-art tyre plant built on the grounds of Amtel-Vredestein’s existing Voronezh facility. The new plant will produce some 2.5 million Amtel and Vredestein branded tires annually, and could be expanded to 4.1 million tyres.
According to this agreement Amtel-Vredestein will invest $124 million into its new Voronezh-II production facilities. Within this project, state-of-the-art facilities will be built which will produce 2.5 million tyres annually, with a possibility for further expansion to 4.1 million tires per year. Production is set to start in September 2008.