Apollo Tyres Archives - Page 10 of 10 - Tire Review Magazine
Apollo Examines South Africa Business

Apollo Tyres has decided to undergo business rescue proceedings in South Africa due to labor unrest, related issues and an uncompetitive cost structure, the tiremaker said. “Apollo Tyres Africa Ltd. has voluntarily initiated the business rescue proceedings, and has appointed a specialist to re-structure its operations and to secure the best value for all stakeholders,”

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Hungary Receives Approval For Apollo Plant Funds

Apollo Tyres is one step closer to choosing a location for its new European tire plant. The European Commission recently approved a proposal to give Apollo Tyres (Hungary) Kft. €95.7 million (approximately $123.4 million) for the construction of a tire plant in Gyöngyöshalász, Hungary. The tire company, which announced its decision to build an Eastern

Probe Launched In India Collusion Case

The Hindu Business Line reported that the Competition Commission of India (CCI) has launched a probe by the director general to investigate alleged pricing collusion by the country’s top five tire makers. The order was issued in June of this year in response to a complaint from the All India Tyre Dealers’ Federation (AITDF) in

Apollo Expands Manchester United Partnership, Launches Initiative

Apollo Tyres is creating community soccer fields with 100% recycled rubber. These “Go the Distance” fields are in line with Manchester United’s, whom the tiremaker sponsors in Europe, Asia and Africa, and are being created with the objective of encouraging young talent. “Sustainability is a key element of our philosophy and we have found an

Pitch Perfect (from left to right) - Marco Paracciani (Apollo), Denis Irwin, Andrew Cole and Jonathan Rigby (Manchester United) opening the new recycled tyre rubber pitch
Apollo Names Chief Tech Officer

Apollo Tyres has appointed Dr. Seshu Bhagavathula as chief technology officer. Bhagavathula will spearhead global initiatives on tire technology, research and new product development, for both passenger vehicle and commercial vehicle tires. He will be based out of the company’s global R&D center in Enschede, Netherlands. “As we focus on the two key pillars of

Apollo Says Cooper Mishandled Acquisition Deal

Missteps and miscalculations by Cooper Tire & Rubber Co. killed any chance of completing its self-sale to Apollo Tyres Ltd., lawyers for the Indian tiremaker argued before the Delaware Chancery Court on July 9. The two companies were back before Judge Sam Glasscock III, seeking his long-awaited final ruling on which company fouled up the

Apollo Board Approves Chennai Plant Expansion

Apollo Tyres board of directors approved plans for the expansion of its truck-bus radial capacity at its Chennai, India, plant. The facility will increase from 6,000 tires a day to 8,900 tires a day due to improved demand outlook, the tiremaker said. Apollo also approved further conversion of its Kalamassery plant from bias truck tires

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Apollo Vredestein Unveils New Generation Products

Apollo Vredestein BV unveiled two new products – Quatrac 5 and Snowtrac 5 – at a media event in Edinburgh, Scotland. “Vredestein is unveiling these products in Scotland for three reasons. First are the country’s beautiful, astonishing landscapes. The second is for the famous saying that you can experience four seasons in one day in Scotland.

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 Expanding Chennai Location

Apollo Tyres plans to expand its Chennai, India, plant. The tiremaker will increase capacity at the facility and is in the process of setting up an R&D center at the same complex. Catering to both domestic and export markets, the plant produces roughly 6,000 truck tires and 15,000 passenger tires a day. According to a

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