A-V Sells Fiber Business, Will Restate Results - Tire Review Magazine

A-V Sells Fiber Business, Will Restate Results

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

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

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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