EMCC European Monitoring Centre on Change

Vredestein

Company/Organisation:
Vredestein

Geographic Location

Country: Netherlands
Region: Twente; Overijssel; Oost-Nederland
Location of affected unit(s): Enschede

Company

Sector: Professional services
Scientific research and development
72.19 - Other research and experimental development on natural sciences and engineering
Number Employed: 1800
Group: Apollo

Employment Effects

Announcement Date: 11-01-2013
Type of Restructuring: Business expansion
Employment Effect Start: 11-01-2013
Planned Job Creation: 100

Additional Information

Tyre manufacturer Vredestein has opened a new R&D facility in Enschede. The facility employs 100 employees and the number of employees is expected to grow to 150.

Vredestein is part of the Indian based Apollo group, which has taken over Vredestein in 2009 from the previous Russia based owners. Since then, employment has risen from 1300 to 1800.