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A-V Sells Fiber Business, Will Restate Results

(Akron/Tire Review) Amtel-Vredestein NV sold its Amtel-Kuzbass chemical fiber facility in Kemerovo, Russia.

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The company announced earlier this year that it intended to shed the business.

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The company also expects to restate its previously reported financial results when it completes a review of 2006 half-year results. Amtel-Vredestein said the review should be completed by Jan. 19, 2007, but that “no significant changes are expected.”

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