Company history

1990

Amtel Group has been operating in Russia since 1990. The first business of the group was a supply of rubber from Malaysia and Indonesia with a turnover of 100 000 tons per year. In the early 90th the Company started to distribute branded electronics in Russia.

1993

Amtel Group builds a plant in Moscow region (Korolyov) and becomes food and bevarages producer, selling Amtel branded juices, mineral water and alcoholic beverages.

1997

The share of Amtel juices has reached 12% of the market by 1997. Amtel Group sells food and bevarages business and aims at consolidation of tire assets. In a few years Amtel Group fully redeveloped and re-equiped old Soviet tire plants, updated management structure, distribution and sales process, increased business efficiency. Russian tire production became competitive on the European market.

2005-2007

Amtel Group acquires one of the largest tire corporations in Europe - Dutch company Vredestein in 2005. Same year Amtel-Vredestein hold IPO. Same year Amtel Group establishes a development company Amtel Properties to run all non-core real estate assets. At the edge of growth in 2007 Amtel-Vredestein becomes the 4th largest tyre manufacturer in Europe. Amtel Group sells all tire assets and focuses on the development of real estate business under Amtel Properties brand.

1990

Amtel Group has been operating in Russia since 1990. The first business of the group was a supply of rubber from Malaysia and Indonesia with a turnover of 100 000 tons per year. In the early 90th the Company started to distribute branded electronics in Russia.

1993

Amtel Group builds a plant in Moscow region (Korolyov) and becomes food and bevarages producer, selling Amtel branded juices, mineral water and alcoholic beverages.

1997

The share of Amtel juices has reached 12% of the market by 1997. Amtel Group sells food and bevarages business and aims at consolidation of tire assets. In a few years Amtel Group fully redeveloped and re-equiped old Soviet tire plants, updated management structure, distribution and sales process, increased business efficiency. Russian tire production became competitive on the European market.

2005-2007

Amtel Group acquires one of the largest tire corporations in Europe - Dutch company Vredestein in 2005. Same year Amtel-Vredestein hold IPO. Same year Amtel Group establishes a development company Amtel Properties to run all non-core real estate assets. At the edge of growth in 2007 Amtel-Vredestein becomes the 4th largest tyre manufacturer in Europe. Amtel Group sells all tire assets and focuses on the development of real estate business under Amtel Properties brand.

— Orbita-2 BusinessPark