Connect with us

News

Apollo Considers Plantation Investment

Advertisement

Management at Apollo Tyres are considering the purchase of rubber plantations as a potential means of countering ever increasing rubber prices.

Advertisement
Click Here to Read More
Advertisement

On May 27, the tiremaker’s vice chairman and managing director Neeraj Kanwar told Indian publication the Economic Times that “as far as buying rubber plantations, or for that matter any kind of backward integration, is concerned, we are always open to possibilities depending upon the need of the hour.”

Kanwar added that Apollo is also reviewing contracts with suppliers to ‘correct’ rubber prices and is working to offset high rubber prices by maintaining a leaner and more efficient inventory and greater production efficiency. (Tyres & Accessories)

Advertisement
Click to comment

Loading Post...

Loading Post...

Loading Post...

Advertisement

POPULAR POSTS

Buyer Beware? Chinese Tires Mean Different Quality Levels

News

Cooper Introduces CS5, Phases Out CS4

News

Michelin Rolls Out Premier LTX

Featured

Toyo’s Celsius Plans to One-up All-Season Tires

Connect