Apollo: Investment Focus on Serbia, China and Mexico - Tire Review Magazine

Apollo: Investment Focus on Serbia, China and Mexico

Apollo Tyres – which will add eight tire manufacturing plants across the globe after the completion of its $2.5 billion acquisition of Cooper Tire – will focus on expanding operations in Serbia, China and Mexico over the next few years, according to a report by the India Business Standard.

Neeraj Kanwar, vice chairman and managing director, told the paper, "There is a very clear growth-capex program that has been identified. Plants with the opportunity to grow will be the first ones (to get investments). So, you would have Serbia, China and, later, Mexico. India right now does not need any growth capex…we will just be doing maintenance capex here."

In February 2010, Apollo began operations at its fourth plant in India, a $500 million facility. The tiremaker currently produces 1,400 tons of passenger car, truck and bus tires a day across its four manufacturing facilities in India. According to the India Business Standard, once the capacity for truck and bus radials is exhausted at Chennai, Apollo will consider shifting the technology to its other units in the Americas, Europe and Africa.

“An investment plan is being readied for the manufacturing unit owned by Cooper in Serbia,” the paper said, reporting that Kanwar said, “When Cooper took over, Serbia was one million units. Already, there is capex that has gone in. That is taking the plant to 2.5 million. The plan is to take that plant to five-six million units. So, we will expand Serbia for Russia and for Europe to get a fully global manufacturing footprint.”

You May Also Like

VIP Tires & Service, Joe’s Tire Shop launch customer appreciation promotions

Promotions will be running through Aug. 21.

VIP-Tire-Waterbury-Customer-Appreciation-Event

Joe’s Tire Shop and VIP Tires & Service hosted a customer appreciation event on July 10 in Waterbury, Connecticut. The event marked the start of promotions running through Aug. 21. The promotions include $50 off any service costing more than $100 and "Oil Changes for Education," where all proceeds from Valvoline oil changes, priced at $10, will be donated to Waterbury Public Schools. Diesel oil changes are not included in the promotion.

ASE to provide a testing and certification program for xEV high-voltage safety

Once the test is passed, the test-taker receives an electronic credential and a certificate.

BKT becomes member of the Global Platform for Sustainable Natural Rubber’

GPSNR brings together natural rubber producers, traders, tire manufacturers and other industry partners to promote sustainable solutions.

OTR-tire-feature-– BKT-Earthmax-Sand-Pic-1400
PRT launches 28 new complete struts in North America

These products expand coverage to nearly 6 million vehicles.

PRT-28-new-struts-1400
Doran releases 360OTR tire monitoring system

The system can be integrated with telematics devices to provide off-vehicle communications of tire pressure and temperature data.

Doran-4-tire-monitoring-system
Other Posts
Akebono names new regional sales manager

Erick Kinnunen joins Akebono with more than 40 years of experience in aftermarket sales, training and management.

Akebono-regional-sales-manager
TEXA runs car diagnostic tool promotion

The promotion is active through Aug. 31.

TEXA-promotion
ATD opens regional distribution center in McDonough, Georgia

The new facility will support 22 distribution centers across Georgia, Florida, Alabama, Louisiana, Mississippi and Tennessee.

ATD-Georgia-Facility-Outside
GRI expands footprint in South America

GRI said its goal is not just to sell specialty tires, but to contribute to the region’s growth through its focus on sustainability.

GRI-team-South-America