Apollo Plans Major Capacity Increase - Tire Review Magazine

Apollo Plans Major Capacity Increase

An anticipated increase in demand within Africa and the expectation of growing OE sales in Europe have led Apollo Tyres to plan capacity increases in these two regions.

The Wall Street Journal reports the company’s South African activities involve the investment of $30 million this year at its two Dunlop facilities there in order to boost passenger radial capacity from 10,000 units per day to 12,500, while truck and bus tire capacity is to be lifted from the current daily level of 800 units to between 1,200 and 1,500 tires.

"Our South African operations have been expanding and have grown between 12% and 14% over the last few years," said Apollo Tyres managing director Neeraj Kanwar. "This growth has been achieved even though we were not operating our plants at full capacity due to the economic slowdown." (Tyres & Accessories)

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