Apollo Considering Germany for New European Factory - Tire Review Magazine

Apollo Considering Germany for New European Factory

(Staffordshire, U.K./Tyres & Accessories) In mid-November the joint managing director and COO of Apollo Tyres, Neeraj Kanwar, reported that “we are looking at project feasibility in the Eastern Europe region in terms of cost of manufacturing and approach to market.”

A local media report from northeast Germany, published a week later, indicates that Eastern Europe is not the only location under consideration.

News coming from the state of Mecklenburg-West Pomerania reveals that the Indian tyremaker has engaged the services of high-profile German corporate consultancy Kienbaum to seek information from the regional authorities in Mecklenburg-West Pomerania, requesting they send information on the province, information that will form the basis of a feasibility study about establishing a manufacturing facility there. It also appears likely that a delegation from Apollo Tyres will visit northern Germany some time in the “near future.”

In addition to the site near Germany’s border with Poland, Apollo is said to be looking at sites in Hungary, Poland and Slovakia. The new factory, whatever locale is finally decided upon, will create 1,500 new jobs. Up to half a billion euros is likely to be invested in the establishment of this passenger car tyre facility.

You May Also Like

Mitas, Trelleborg to increase prices globally

The company said this decision is a response to significant inflation.

Effective starting in May, Mitas and Trelleborg will adjust prices globally, with an increase of up to 5% across all segments. The company said this decision is a response to significant inflation experienced over the past two years, coupled with rising costs of raw materials, as well as increased inbound logistics expenses. Specific details regarding the actual increase will be communicated directly to customers by Mitas/Trelleborg representatives in each market.

BKT celebrates International Day of Sport for Development and Peace

BKT said it has made an effort to show a commitment to supporting sports through multiple initiatives, partnerships and sponsorships.

BKT-sports-sponsorships
Bridgestone invests in Yoshi Mobility to expand into virtual inspection, EV charging

Yoshi is also commercializing its mobile EV charging platform to address EV fleet charging challenges.

Yoshi-Mobility-EV-charging
The commercial tire market is cautiously recovering from 2023 challenges

To better understand commercial tire expectations for the remainder of the year, Tire Review recently sat down with Pierluigi Cumo, VP of B2B products at Michelin North America.

Michelin-Commercial-Truck-Tires-1400
SRNA introduces new field engineer manager

Chariarse has extensive experience in his field, working as a commercial truck field engineer in the tire industry for the past 21 years.

SRNA-Eduardo-Chariarse

Other Posts

Bridgestone to debut Bandag Virtual World Tour at WasteExpo 2024

The Bandag Virtual Plant Tour is an internet browser-based experience that provides a step-by-step walkthrough of Bandag’s retreading process.

Bandag-virtual-tour-Bridgestone
Giti Tire Manufacturing awarded by Chester County Chamber of Commerce

Giti Tire said it has been a supporter of education, organized farmer’s markets and participated in community food drives.

Giti-Chamber-Award
Is the future of TPMS technology blue(tooth)?

TPMS hasn’t changed much since it was mandated in 2007, but Bluetooth sensors could be a welcome update for drivers and shops.

Bluetooth-TPMS-1400
Hunter HD Elite Wheel Balancer: Handling large custom wheels

The Hunter HD Elite Wheel Balancer can accommodate large custom 4×4 wheels with ease.

hunter-balancer-dropfit-1400