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Company History
Amtel began operations in1990asan equipment and components supplier for the defence industry, and anatural rubber supplier for the Russian tire industry and industrial rubber plants.
19941997
Amtel invests inanumber ofturnkey projects building packaging production plants using the latest Tetra Pack equipment.
1997
The company increases its feedstock supplies tothe petrochemical industry and starts toactively pursue acquisition ofrelated enterprises inorder toform tire-production.
The Krasnoyarsk Tire Plant ispurchased.
1999
Amtel becomes ashareholder inthe Amtel-Povolzhe Tire Plant inKirov and acquires the Amtel-Chernozemye Tire Production Complex inVoronezh, the Amtel-Kuzbass Chemical Plant inKemerovo, and the Chernigovsk Chemical Fibre Plant.
2001
The Amtel Group was joined bythe Amtel-Kuzbass Chemical Fibre Plant and the Amtel Industrial Carbon Plant inVolgograd.
2002
The company, OOO Amtelshinprom (Amtel Tire Industries), isset uptocreate anintegrated product supply and retail system toservice the needs ofAmtel?s operating subsidiaries.
Amtel sets upits own Research and Development Centre.
The Group issues its first three-year bonds for atotal value ofRUB 600million structured inthe form ofaloan from the management company, OOO Amtelshinprom.
The Amtel Holding Company issetup.
2003
Templeton Strategic Emerging Markets Fund LDC aninternational investment fund becomes aminority shareholder ofthe Group.
2004
Templeton Strategic Emerging Markets Fund LDC, aninternational investment fund, exercises its option toacquire additional shares inAmtel Holding, increasing its stake inthe Group to5.65%.Amtel places 10% ofits share capital inaprivate placement among institutional investors through Troika Dialog investment bank. 4.1% ofthe Groups equity isacquired byCiticorp International Finance Corporation.
Amtel sold aprivate placing of10% ofits shares among institutional investors with the participation ofthe Troika Dialog investment bank. 4.1% ofthe groups shares were acquired bythe Citicorp International Finance Corporation.
2005
Amtel acquires Vredestein Banden B.V. international tire company for the total consideration ofEUR 195.6million.
Amtel places two-year Credit Linked Notes (CLN) for atotal amount ofUS$ 175million.
The Group executes aseries ofprivate placements and raises US$ 70million from the Alfa-Bank Holding Company and Temasek Holdings.
The Amtel Holding Company LLC changes its name toAmtel-Vredestein OJSC.
The serial production ofVredestein premium tires begins atAmtel-Povolzhe Tire Plant inKirov.
The Group signs agreements topurchase three retail networks inthe Moscow Region: Koleso-Severavto-M, Rosshina and UVL.
The name ofthe Groupsparent, Amtel Holdings Holland N.V., ischanged toAmtel-Vredestein N.V.
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