Voronezh Factory to Pay no Amtel-Vredestein Dividend

Russian media has reported that Amtel-Vredestein shareholders will receive no 2007 dividend from the Amtel Chernozemye tyre factory in Voronezh, Russia, following a decision made at the facility’s annual meeting on June 9. The 2007 profit will instead be retained.

A second tyre making facility at the site – Voronezh-2 – is scheduled to enter series production in the near future, and will have a capacity of 2.5 million tyres per annum. The Voronezh-2 plant will bring the number of facilities operated by the company to four; factories also operate in Kirov (Amtel Povolzhye) and the Enschede, the Netherlands (Vredestein).