Vredestein Banden Turns Over 230 million euros in 2004

In the last financial year Vredestein Banden turned over more than 230 millions across its four product groups (passenger car, truck, bicycle, agricultural and industrial products). Although Vredestein does not normally publish official financial statements, the latest figures were released as part of an official statement on the company’s recent acquisition by Amtel. In 2003 the Vredestein Group recorded a turnover of some 305.6 million euros. Of this, about 200 million euros was said to have been generated by the new tyre business. If these figures are correct, 2004 must have been a good year for Vredestein Banden with turnover increasing by around 30 million euros.