Vice Chairman and Managing Director Neeraj Kanwar (left), Hungary Prime Minister Viktor Orban and Chairman Onkar Kanwar celebrate the opening of the Apollo Tyres Ltd. plant in Budapest.

Apollo Opens Tire Plant in Hungary, Looks for Growth in the U.S.

The opening of Apollo Tyres Ltd.’s new $500 million consumer and commercial tire plant outside of Budapest, Hungary, last month was a huge global event. Said to be the largest investment by an Indian-based company in Hungary, the grand opening drew a visit from Hungary’s Prime Minister Viktor Orban.


Yokohama Adds Passenger Tire Capacity in the Philippines

Yokohama Rubber Co. Ltd. recently opened a new plant in the Clark Freeport Zone in the Philippines. The plant is operated by the company’s passenger car tire manufacturing and sales subsidiary, Yokohama Tire Philippines Inc. (YTPI).

Rajiv Poddar (left), and Arvind Poddar take a moment to pose at their BKT corporate offices. Numerous quality award trophies are on display in the background.

BKT Offers Bhuj Plant Update

Last December, Balkrishna Industries Ltd. (BKT) held grand opening ceremonies for its new off-highway tire plant in Bhuj, India. Modern Tire Dealer’s Editor Bob Ulrich was there and reported on the event in our January issue, along with several online reports.


Michelin: A Second Plant in Mexico?

Michelin Group may be planning to build a $510 million plant in central Mexico to produce around 5 million passenger and light truck tires a year mostly for the North American market.

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