Suppliers

Apollo Will Increase Capacity with a 5th Indian Tire Plant

Posted on November 10, 2016
Kartikeya Misra (left) and Sunam Sarkar exchange the Memorandum of Understanding while Shri N Chandrababu Naidu (inside left) and Onkar S Kanwar look on.
Kartikeya Misra (left) and Sunam Sarkar exchange the Memorandum of Understanding while Shri N Chandrababu Naidu (inside left) and Onkar S Kanwar look on.

Apollo Tyres Ltd. will invest 5.25 billion rupees ($78.7 million) to build a tire plant in Andhra Pradesh, India. The plant will be the company's fifth in India, joining two facilities in of Kerala and one each in Tamil Nadu and Gujarat.

Apollo also has a tire manufacturing facility in The Netherlands and another greenfield facility being set up in Hungary.

Sunam Sarkar, director of Apollo Tyres, and Kartikeya Misra, IAS, director of industries for the state of Andhra Pradesh, signed a Memorandum of Understanding in the presence of Shri N Chandrababu Naidu, honourable chief minister for Andhra Pradesh, and Onkar S Kanwar, chairman of Apollo Tyres.

The state-of-the-art manufacturing facility will border the southeastern coast of of the state.

"I would like to thank Shri Chandrababu Naidu Ji for the support offered to Apollo Tyres, and look forward to working with the State Government for the setting-up of our state-of-the-art manufacturing facility," said Kanwar.

"Our endeavour to provide superior infrastructure and ensure full government support to companies has seen the state emerge at the top of the Ease of Doing Business index in the country,” said Chandrababu Naidu."

Related Topics: Andhra Pradesh, Apollo Tyres, Onkar S Kanwar, Sunam Sarkar, tire plant

Comments ( 0 )
More Stories
Ateq says it is the first to market coverage for Alligator Sens.it dual-band TPMS sensors.
Product Ateq Adds Alligator Dual-Band Sensor Coverage to Its TPMS Scan Tool

Ateq TPMS Tools LC has added coverage for new Alligator dual-band sensors, which program sensors of both 315 and 433 frequencies, to its TPMS scan tool

The new Proxes Sport has a 25,000-mile tread wear warranty and is backed by the Toyo Tires 500 Mile Trial Offer.
News Toyo Brings New Proxes Sport to the U.S. Market

The new Proxes Sport max performance summer tire from Toyo Tire U.S.A. Corp. is now available in the United States. 

The Giti GDL633 FS features seven circumferential grooves to move water.
News Giti Expands Ultra-Wide-Base Tire Lineup

Giti Tire (USA) Ltd. is amping up its lineup of ultra-wide-base tires with two new offerings, the GDL633 FS for the drive axle position and the GTL933 FS for trailers in long haul applications.

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!