Apollo Denies Interest in Purchasing Kumho
The Economic Times has been reporting that Apollo Tyres is interested in acquiring Kumho Tire now that the deal with China’s Qingdao Tires has fallen apart. Apollo claims these reports are false.
Apollo Vredestein Reorganizes Sales in Europe
Apollo Vredestein has announced that in order to reorganize its sales department, it has introduced three new a cluster directors: Paul Eidhof, Thomas Körpert and Dimitrios Papadopoulos.
Apollo Hosts Annual Meeting
Apollo Tyres Chairman Onkar Kanwar, took a look back on a successful financial year and the tiremaker’s Vision 2020 status during at its 44th Annual General Meeting hosted in Kochi, India.
Apollo Opens Plant Near Budapest
As part of its commitment to global expansion, Apollo Tyres Ltd. celebrated the opening of its new manufacturing facility in Hungary on April 7. Located 44 miles outside of Budapest, the location is intended to support an increasing number of OE customers for the growing tiremaker.
Apollo Vredestein Moving HQ to Atlanta
Apollo Vredestein North America, a division of Apollo Tyres Ltd., is relocating its corporate headquarters on June 1, 2017, from Metuchen, N.J., to Atlanta, Ga.
Apollo Opens New Plant Near Budapest, Sets Sights on U.S.
As part of its commitment to global expansion, Apollo Tyres Ltd. celebrated the opening of its new manufacturing facility in Hungary and eyes the U.S. as its next stop.
Report: Apollo Tyres Joins Race to Acquire Kumho
Indian tire manufacturer Apollo Tyres has reportedly joined the race to acquire Kumho Tire in a $900 million deal, according to the Indian news outlet The Economic Times. Just last week, Reuters reported that 10 different parties expressed interest in purchasing the controlling stake of Kumho Tire Co., according to an industry source. Interested parties are
Apollo Expands Partnership with Manchester United
Apollo Tyres, which for the past three years has had a regional association with the Manchester United soccer club, has expanded its sponsorship agreement. Apollo Tyres will now be the official Global Tire Partner of the team. “The three-year association with Manchester United has supported our business expansion plans especially in India, Middle East, South
Apollo Investing in Tire Plants
Apollo Tyres is investing between $238-253 million in its Chennai facility as well as $226 million in a Hungary-based greenfield plant in 2016-17, according to the Business Standard. The tiremaker has already spent a quarter of the planned capital expenditure on the Hungarian plant, which is expected to start production Q1 2017. The facility will
Former Goodyear Exec. Named Apollo North America VP
Apollo Tyres has appointed former Goodyear OE sales director Steven Smidlein as senior vice president for North America, Tyres & Accessories reports. “With North America almost being an uncharted territory for us, Steven’s 30+ years of sales management and retail experience, especially in the automotive sector, will help establish both Apollo and Vredestein brands in
Francesco Gori Named Apollo Tyres Director
Former Pirelli Tire CEO Francesco Gori has been appointed an additional, non-independent company director of Apollo Tyres’ management board, Tyres & Accessories reports. Gori joined Apollo Tyres as advisor of strategy in Oct. 2015. Apollo Tyres made the decision during the company’s board meeting on Feb. 9. The company also appointed Vinod Rai, former comptroller and auditor general of India,
Apollo Tyres Christens India’s First ‘Go the Distance’ Soccer Field
Apollo Tyres, in association with Manchester United, opened India’s first “Go the Distance” soccer field in Powai, Mumbai. Satish Sharma, president of Asia Pacific, Middle East & Africa for Apollo, and Bryan Robson, former captain of Manchester United, inaugurated the pitch by kicking the first soccer ball. Made 100% of recycled rubber, the Go the
