Apollo Relocates European Truck Tire R&D
In order to land more European OE truck tire contracts, Apollo Tyres is focusing on research and development. As part of this focus, the tiremaker is relocating its truck tire research to its R&D center in Enschede, Netherlands, according to Tyres & Accessories. The R&D center in Enschede was originally intended to be a global
Former Conti VP Joins Apollo
Apollo Tyres Ltd. appointed Pedro Matos as its chief quality officer. Matos will be based out of the company’s global quality and business excellence office in Enschede, Netherlands, and will handle the entire portfolio of quality and business excellence in the organization, according to Apollo. “As we grow our business across geographies, the scope of
Apollo Seeking Joint Venture in China
India’s Apollo Tyres Ltd. and Beijing Automotive Industry Group Co. are seeking to reach an agreement to set up a joint venture in China, according to media sources in India. If an agreement is reached, it would give Apollo entry into China after its deal with Cooper failed. Beijing Auto Chairman Xu Heyi said that
Apollo Closes South African Plant
Citing an “uncompetitive cost structure in the South African market”, continuous labor unrest and related issues, Apollo Tyres Ltd. will close its Durban, South Africa, tire plant, said Onkar S Kanwar, chairman of Apollo Tyres Ltd. In 2006, Apollo purchased Dunlop South Africa, which was valued at $200 million at the time of purchase. In
Banerji Succeeds Sarkar as Apollo CFO
Raj Banerji has succeeded Sunam Sarkar as chief financial officer at Apollo Tyres Ltd. “We are on the cusp of our next phase of growth globally. Having a person like Raj join our global team at this crucial time, with a strong international experience, will provide further impetus to this growth, and at the same
Apollo-Vredestein Exec Joins Cooper Latin America Tire Ops
Cooper Tire & Rubber Co. named Luis Ceneviz managing director of its Latin America tire operations, effective March 1. In his new role, Ceneviz will be responsible for the company’s business throughout Latin America, including Central and South America, as well as Mexico, where Cooper has a sales and marketing organization and participates in a
Sorting Through the Rubble of the Apollo-Cooper Break-up
Dec. 31…twenty-eight days from this writing…will be the one-year anniversary of the epic and tragic Cooper-Apollo Break-up. And even as they began the process of unwinding a $2.5 billion arranged marriage, they continued to profess their love publicly (well, sort of) while their respective legal teams rolled up their sleeves and continued the unseen liquidation
Apollo Promotes Sarkar
Apollo Tyres promoted its former president and chief financial officer, Sunam Sarkar, to the new position of president and chief business officer. Until a replacement is announced, Sarkar will continue as CFO in addition to his new duties, Apollo said. In his new role, Sarkar is in charge of the company’s corporate strategy, integrated supply
Apollo-Cooper Update: Cooper Loses Bid for $112 Million Breakup Fee
Cooper Tire & Rubber Co. lost a bid for a $112 million breakup fee after Delaware Chancery Court Judge Sam Glasscock III sided with Apollo Tyres Ltd., which stated that Cooper failed to honor terms of a buyout agreement in the $2.5 billion sale of the U.S. tiremaker. Glasscock’s Oct. 31 ruling stated that Cooper
Heimann to Head Apollo’s American, European Ops
Apollo Tyres has named Mathias Heimann the new president of Europe and the Americas and CEO of Apollo Vredestein. Heimann has more than 20 years experience in sales, marketing and production. He started his career with Linde AG, where he sold air separation units to India before helping to establish Lindes’s first subsidiary in China.
Apollo’s Kanwar Wins Rubber Man of the Year
Neeraj Kanwar, vice chairman and managing director of Apollo Tyres, was awarded Rubber Asia’s Rubber Man of the Year award. The magazine will present its award during the 2014 India Rubber Summit & Dinner (IRSD) being held at Hotel Crown Plaza, Kochi, on Sept. 20.
Apollo Picks Hungary
Apollo Tyres has confirmed that Hungary will be the location for its greenfield facility in Eastern Europe. Apollo Tyres will invest €475 (approximately $611.2) million during the next five years to set up this facility in the industrial zone near Gyongyoshalasz, Hungary. Once completed, the plant will have a capacity to produce 5.5 million passenger
