Apollo Tyres Plans U.S. Expansion
India tiremaker Apollo Tyres is looking to expand its business in the United States as it aims to become less dependent on its domestic market and have a more global presence, Reuters reported. After failing to buy U.S. Cooper Tire & Rubber Co. two years ago, Apollo has been considering hiring a sales team to
Apollo Tyres Expands Manchester United Partnership
Apollo Tyres is expanding its Manchester United partnership to 129 countries. The company said Africa, Malaysia, Vietnam, Philippines, Singapore, Cambodia, Laos, Myanmar and Brunei are among the countries the tiremaker will extend its association. The tiremaker already has existing association in 67 countries in Asia, Europe and Africa. “The last two years of our association
Apollo Tyres ‘Yet To Finalize’ Exact Location of Plant
Apollo Tyres, at a recently concluded meeting, approved the greenfield in Eastern Europe, at a project cost of approximately 500 million Euros over the next four years.
Apollo Tyres Partners with Manchester United Soccer Club
Apollo Tyres Ltd. has signed a three-year deal with the Manchester United Soccer Club to be its official tire partner in the United Kingdom and India.
Sumitomo Acquires Assets of Apollo Tyres South Africa
Sumitomo Rubber Industries (SRI) has acquired Apollo Tyres South Africa (ATSA), including the Ladysmith passenger tire plant and rights to the Dunlop brand, in a $60 million deal. Apollo will retain the Durban plant, which manufactures truck and bus radial tires and off-highway tires used in the mining and construction industries. “This partnership with SRI
Apollo Tyres Not Raising Funds, Still Looking to Expand
India’s Apollo Tyres has dropped plans – for now – to raise $150 million intended for business expansion. The fund raising would have been through a Qualified Institutional Buyers offering. Apollo said it dropped the scheme due to “volatile market conditions.” At the same time, Apollo said it will press on with unspecified expansion plans
Apollo Tyres Makes Thailand its ASEAN hub
Apollo Tyres Ltd. opened its sales office in Bangkok to serve the entire ASEAN region, with Thailand as the hub of operations.
Kanwar: Apollo Tyres Picks Thailand
NBC Moneycontrol.com reported that Apollo Tyres has settled in Thailand as the location for its planned entre into tire production in Southeast Asia. Neeraj Kanwar, managing director and vice chairman of the company, was quoted as saying, “We have identified Thailand for a new project. The plant will be modeled like our Chennai (India) plant.
Apollo Tyres Launches Giant Mining Tire
India’s Apollo Tyres has unveiled the XTrax, which at size 40.00-57 is purported to be the largest tire produced in India. The tire made its debut at this week’s 11th International Mining and Machinery Exhibition, being staged in Kolkata. Apollo said that its XTrax weighs 3,500 kg and is 11.7 feet tall. Used for mining