Apollo Tyres plans- They are to set up new unit in Malaysia

Apollo Tyres plans
Apollo Tyres plans

Apollo Tyres plans to set up a subsidiary in Malaysia over the next two years as the c

This Indian based tyre company are having expansion plans all over the world. They also make a great tyre product including their excellent winter tyre range.

As Apollo agents here in the Halifax area we will be offering the Apollo tyres winter tyre range to the public this winter.

Apollo tyres plans over the next two years include setting up the Malaysia venture and then increasing their worldwide presence by 15 %

They intend doing this by exports. Part of the Apollo tyres plans, include increasing their capacity to expand their truck and bus tyre range from the tyre manufacturing plant in Chennai. The capacity is expected to rise from the production of 6000 tyres up to 9000 tyres a day.

New investments will double the capacity at the Chennai plant due to an investment of 2700 Rupees crore (crore is an Indian numbering Apollo tyres plans system and is 10 million Rupees). This investment will be spread over the three to four years.

Apollo Tyres plans

The Indian tyre maker Apollo tyres plans for a strong profits performance. Including, a strong operating profit. So combined with lower cost of borrowing.

Apollo tyres plans over the next two years.  Include setting up the Malaysia venture and then increasing their worldwide presence by15 %

They intend doing this by exports. Part of the Apollo tyres plans, include increasing their capacity. Hence, to expand their truck and bus tyre range . Of course, from the tyre manufacturing plant in Chennai. The capacity is expected to rise from the production of 6000 tyres up to 9000 tyres a day.

New investments will double the capacity at the Chennai plant. So, due to an investment of 2700 Rupees crore (crore is an Indian numbering system and is 10 million Rupees). This investment will be spread over the three to four years.

The Indian tyre maker Apollo tyres plans for a strong profits performance. Thus, with a strong operating profit. Combined with lower cost of borrowing.

Here in the UK we have witnessed the acquisition of Vredestein tyres. Of course, a very strong performing Dutch tyre manufacture. Which, now is starting to pay dividends. Vredestein tyres have always been strong in the making of winter tyres. The Apollo tyres plans included the joint names of the companies. The name has now become Apollo/Vredestein.

Apollo tyres plans also include the setting up of a tyre retail network.  Which was the previous Vredestein dealer network.  Made up of independent tyre retailers and now the addition of the Point-S tyre organisation.

http://www.pellontyres.co.uk/Content/Page/Apollo%20tyres%20new%20manufacturing%20plant

Sourced through Scoop.it from: www.thehindubusinessline.com

Apollo Tyres plans
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