MOSCOW (Sept. 7, 2006) — Amtel-Vredestein N.V. has started producing Amtel-brand tires at its recently purchased Moscow Tyre Plant.
At the same time, Amtel-Vredestein has suspended production of Moscow Tyre's own Taganka tire brand.
The Russian-Dutch tire company toook control of the 60-year-old Moscow Tire plant in July and expects to formalize its acquisition by year-end.
Amtel-Vredestein said after announcing the takeover that it aimed to bring the facility to full capacity of 2.2 million tires per year, from the current 30 percent, as quickly as possible.
“I applaud our team's ability to quickly adapt the production output at the facility to meet extraordinary demand for high-performance Amtel tires in Russia,” Amtel-Vredestein CEO Alexei Gurin said.
The tire maker also has shut down the rubber mixing facility at the plant to reduce the environmental impact of tire production on Russia's capital.
Amtel-Vredestein plans to ship rubber compound from its existing facility in Voronezh, Russia.