Amtel aims for finance from European bank

By Liz White, ERJ staff

Moscow-Amtel Holdings Holland BV and OOO Amtel Company have jointly mandated the European Bank for Reconstruction and Development to arrange long-term financing.

Russian tyre maker Amtel said the funds will be used to modernise and restructure its manufacturing plants in Russia, to produce higher quality tyres for the CIS market. The project is expected to be signed by the end of 2004.

In an exclusive interview in European Rubber Journal’s March edition, Amtel’s president and majority owner Sudhir Gupta said the…

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