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February (2023)
Apollo Tires: Develops Tyres with 75% Sustainable Materials Link...
Apollo Tyres has developed tyres with 75% sustainable materials. This is aligned with Apollo Tyres’ sustainability roadmap of increasing the usage of sustainable raw material to 40% by 2030. The concept Agriculture tyres containing 75% sustainable materials, have 9 featured compounding ingredients in different components of the tyres. This includes recycled rubber, sustainable carbon black from end-of-life tyres, bio-based oil, recycled nylon and the bead wire processed with higher recycled content. The concept tyres have been made using sustainable natural rubber, sourced from suppliers who have public commitments to sourcing and/or traceable to plantation, in accordance with the company’s sustainable natural rubber policy.
December (2022)
Apollo Tires: Announces Sustainable Material Partnership with Tyromer Inc Link...
Apollo Tyres is partnering with Tyromer Inc, a leader in non-chemical devulcanisation of end-of-life tyres. Tyromer Inc, through their Indian associate, Tyromer India LLP, is committed to supplying recycled rubber material, produced using its environmentally sustainable processes, to Apollo Tyres. This follows the partnership validating tyre-derived polymer, produced by Tyromer's proprietary technology, as the raw material for tyres.
October (2021)
Apollo Tires: Bringing Vredestein Premium Brand to India Link...
Apollo Tyres has launched the Vredestein premium brand in India. The tires will be manufactured at state-of-the-art facilities in India catering for the premium and luxury PC segment. Two-wheeler tyres from the brand will cater for growing superbiking segment in India. Vredestein has been operating in the RPmarket primarily in Europe and the USA. Recently, the company started supplying Vredestein tyres to European OEs like Audi, VW, SEAT and Ford. In India, Apollo Tyres will be selling Vredestein brand of tyres in the RP market initially; the company will leverage its association with global OEMs to have Vredestein ultra high performance tyres as OE fitment in the future.
July (2020)
Apollo Tires: Inaugurates Dedicated Two-Wheeler Production Unit, Limda, India Link...
Apollo Tyres has inaugurated a new dedicated two-wheeler production facility at its existing Limda plant in Vadodara, Gujarat, India. The facility can product 30 k radial motorcycle tires and 60 k cross-ply (bias) motorcycle tires per month. The modular design allows easy future expansion given increased demand. The two-wheeler tire market in India is seeing strong growth. Apollo's focus is on the premium two-wheeler tire segment which is seeing even stronger growth. Demand in the premium segment is expected to show strong growth driven by rapid urbanisation, rising consumer income levels and an increasing young population. Apollo entered the two-wheeler business in 2016 and was the first company in India to launch zero-degree steel radial tires. The company now commands a double-digit market share in this premium segment.
June (2020)
Apollo Tires: Commissions New Plant in Andhra Pradesh, India Link...
Apollo Tyres has commissioned its fifth manufacturing plant in India, bringing the global total to seven. The plant is located in Chinnapanduru village in Chittoor district of Andhra Pradesh. Capacity will be ramped up gradually in the next 12 to 18 months with a planned final 2022 capacity of 15k PCR and 3k TBR. The plant utilises the latest manufacturing technology and is targetting premium OEMs and RP market customers in India.
March (2020)
Apollo Tires: Refocusing Enschede, Netherlands Plant Link...
Apollo Tires are planning to transition the Enschede plant to high value PC and agricultural tire production with the elimination of less profitable product lines. The plan will eliminate 750 jobs at the plant over the next 2 years.
January (2018)
Apollo Tires: Lays Foundation Stone for 7th Global Manufacturing Facility Link...
The planned facility of Apollo Tyres is located in Chinnapanduru village, Chittoor district, in the state of Andhra Pradesh bordering the south eastern coast of India. Apollo will be investing approximately 1800 Crore in phase 1. Construction will start within the next 6 months. Initial production will be passenger car tires.
April (2017)
Apollo Tires: Inaugurates New Gyongyoshalasz Plant in Hungary Link...
Apollo Tires has opened its first greenfield plant outside of India.
November (2016)
Apollo Tires: Andrah Pradesh State Selected for New Plant Link...
Apollo Tyres Ltd has selected Andrah Pradesh State, India for its 5th production site with plans to invest 80 $MM. A MOU was signed with the state director of industries.
March (2016)
Apollo Tires: Enters the Two Wheel Segment in India Link...
Apollo Tires has launched its Acti series of two wheeler tires. According to Apollo, India as approximately 120 MM two wheel machines.
April (2015)
Apollo Tires: Increasing focus on retreading Link...
Spreading its network further for branded retreading outlets, Apollo Tyres today inaugurated its 3rd Apollo Retread Zone (ARZ) in Mumbai, in the western part of India. Rajesh Dahiya, Group Head, Sales-APMEA (Asia Pacific, Middle East & Africa), Apollo Tyres Ltd inaugurated the outlet in Turbhe, Navi Mumbai. With the objective of providing quality retreading service to truck-bus customers and fleet owners, these branded outlets are equipped with most advanced retreading machines, high quality tread material and trained workers.
Apollo Tires: Construction of Greenfield Plant Begins in Hungary Link...
Construction of Apollo Tyres’ first European Greenfield plant in Gyöngyöshalász, Hungary has started. The international tyre manufacturer’s facility will start production in early 2017. The facility will produce both, Apollo and Vredestein branded tyres and will cater to the entire European market.
February (2015)
Apollo Tires: FY15 Q3 Results Confirm Closure of South African Plant Link...
Plan for closure of the Durban plant was approved November 2014 and has now been implemented.
September (2014)
Apollo Tires: confirms Hungary as the location for its first Greenfield facility outside India Link...
After receiving the necessary approval from its Board of Directors, on the proposed investment towards setting-up a Greenfield facility in Eastern Europe, Apollo Tyres today confirmed Hungary as the location for the same. Hungary was chosen after a consideration of various factors over some of the neighbouring Central Eastern European and Asian countries. Apollo Tyres will invest Euro 475 million over the next 5 years to setup this facility in the new industrial zone near Gyongyoshalasz, Hungary. Once completed, the plant will have a capacity to produce 5.5 million passenger car & light truck (PCLT) tyres and 675,000 heavy commercial vehicle (HCV) tyres per annum. This facility will produce both, Apollo and Vredestein branded tyres, and will cater to the entire European market, and will complement Apollo Tyres’ existing facility in the Netherlands.
July (2014)
Apollo Tires: Approval of Truck Bus Radial Expansion - Chennai Link...
Gurgaon, India – The Board of Directors of Apollo Tyres Ltd said on 2 July it approved an expansion of truck-bus radial capacity at the Chennai plant from the present 6,000 tires per day to 8,900 tires per day
May (2014)
Apollo Tires: Planning to Expand Chennai Facility Link...
Apollo Tyres is planning to expand its capacity at its Chennai facility and in the process of setting up a R&D centre in the same complex. The new Centre will take up R&D works related to commercial vehicles for all the Apollo plants, across the World.
December (2013)
Cooper Tire & Rubber Co: Terminates Merger Agreement with Apollo Tyres Link...
FINDLAY, Ohio, USA – December 30, 2013 – Cooper Tire & Rubber Company (NYSE: CTB) today announced it has terminated the merger agreement with Apollo Tyres (NSE: ApolloTYRE).
June (2013)
Apollo Tires: To Acquire Cooper Tire & Rubber Company Link...
Apollo Tyres Ltd (NSE: ApolloTYR.NS) and Cooper Tire & Rubber Company (NYSE: CTB) today announced the execution of a definitive merger agreement under which a wholly-owned subsidiary of Apollo will acquire Cooper in an all-cash transaction valued at approximately Rs 14,500 crores (US$2.5bn**). Under the terms of the agreement, which has been unanimously approved by the boards of directors of both companies, Cooper stockholders will receive $35.00 per share in cash. The transaction represents a 40% premium to Cooper’s 30-day volume-weighted average price.
May (2013)
Apollo Tires: Drops Fund Raising Plan Link...
Apollo Tyres, has decided to drop its plan to raise Rs8bn (€113m) through a qualified institutional buyers (QIB) instrument, reports Business Standard. The company cited volatile market conditions meaning that less additional capacity is required than had been expected. It will, however, go ahead with expansion plans both in India and abroad, costing around Rs5bn (€71m), to be funded internally.
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