Apollo Tyres Expands Its Global Presence
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Apollo Tyres Expands Its Global Presence

apollo tyres brand ambassador sachin tendulkar

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Indian tyre manufacturing giant, Apollo Tyres today commissioned its first greenfield manufacturing facility out of the country in the Central European country of Hungary. This new plant is Apollo’s 6th global and 2nd in Europe. The plant is situated in the village of Gyöngyöshalász, 100 kms away from the Hungarian capital Budapest. It took 2 years for this plant to complete and it will generate employment for about 400 people.

The inauguration was done by the Hungarian Prime Minister, Viktor Orbán in the presence of Onkar S Kanwar, Chairman and Neeraj Kanwar, Vice Chairman Apollo Tyres. Mr. Orban praised association with the Apollo family and expressed his happiness over the fact that the new plant is a state-of-the-art manufacturing unit embodying Hungarian values.

This new facility will produce both the Apollo & Vredestein brand of tyres just like Apollo’s Netherlands plant. The company is investing € 475 million into the plant. Gyöngyöshalász plant will manufacture 55, 00,000 passenger car and light truck tyres and 6, 75,000 commercial vehicle tyres at the end of the phase 1 of this plant set-up.

With the opening of this plant, Apollo Tyres is looking to expand its footprints in the European market and make progress on the global platform.

 

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