Apollo Tyres Ltd. has set the cornerstone for a new tire manufacturing plant in Chinnapanduru village along the southeastern coast of India. It will be the company's fifth plant in the country.
Shri N Chandrababu Naidu, honourable chief minister of the government of Andhra Pradesh (AP) laid the stone in the presence of Onkar Kanwar, chairman, and Neeraj Kanwar, vice chairman and managing director, of Apollo.
Naidu, the chief minister, said, “I am very delighted to have Apollo Tyres, the Indian multinational, after setting its world-class facilities in Chennai and Hungary recently, now setting-up a state-of-the-art manufacturing unit in Andhra Pradesh. This will provide direct jobs to nearly 700 people and to many more indirectly, in the first phase. The employment opportunity would further get increased when the company expands in the future.”
Apollo Tyres currently has four manufacturing facilities in India — two (including a leased facility) in the state of Kerala, and one each in Gujarat and Tamil Nadu. Outside India, the company has a manufacturing facility each in The Netherlands and in 2017 opened a plant in Hungary.