Commercial Business

Apollo to build passenger/TBR plant in Europe

Posted on June 3, 2014

Apollo Tyres Ltd. announced that its board of directors has approved the construction of a greenfield plant to be built in Eastern Europe.

Apollo says the project is expected to cost approximately €500 million Euros ($682 million) over the next four years, funded with accruals and debt at the company’s European subsidiary, Apollo Vredestein B.V.

The planned capacity is expected to be 16,000 passenger car tires and 3,000 truck-bus radial tires per day.

The company has not yet finalized the exact location for the greenfield facility.

Related Topics: Apollo Tyres Ltd., passenger tires, TBR tires

Comments ( 0 )
More Stories
News

Two Tire Makers Earn SIMA Innovation Gold Awards

The top prizes for innovation awarded in advance of the 2017 Paris International Agri-Business Show (SIMA) were won by a pair of tire manufacturers — Michelin Groupe and Trelleborg Wheel Systems.

News

Judge Declares Overtime Ruling Is 'Unlawful' For Now

On May 18, 2016, the Department of Labor’s final rule updating the overtime regulations was published by President Barack Obama and Secretary of Labor Thomas Perez. The ruling automatically extended overtime pay protections to more than 4 million workers within the first year of implementation.

News

New Date Set for China Tire Show

The organizers of the China International Tire Expo (CITEXPO) have set a new date for the 2017 event: August 21, 22, and 23.

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!