.
.

Breaking News

Text size: Normal Text Size Large Text Size
June 03, 2014

Apollo to build passenger/TBR plant in Europe

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.

Share this:  Share on Facebook Share on Twitter

Post a Comment

First Name:
  Last Name:
Email:
Comment:

Recent News

eNews

Hotwire

Receive the latest MTD eNews in your inbox!

Signup Sign up for our Enews and receive the latest news, trends, and product information right in your e-mail inbox. Join Today!

View the latest eNews:
Monday  |  Tuesday  |  Thursday Edition  |  CTD Online  |  Auto Service

Be Informed : Stay Current
Free Weekly Hotwire E-News
Subscribe Today!