Apollo lays foundation of Hungary Greenfield tyre manufacturing plant

Friday 10th April 2015 | 0 Comments

 
(left to right) Neeraj Kanwar, Vice Chairman & MD, Apollo Tyres Ltd; Onkar S Kanwar, Chairman, Apollo Tyres Ltd; and, Viktor Orbán, Prime Minister of Hungary, placing a time capsule at the Foundation Stone Laying Ceremony of the greenfield plant in Hungary.
(left to right) Neeraj Kanwar, Vice Chairman & MD, Apollo Tyres Ltd; Onkar S Kanwar, Chairman, Apollo Tyres Ltd; and, Viktor Orbán, Prime Minister of Hungary, placing a time capsule at the Foundation Stone Laying Ceremony of the greenfield plant in Hungary.

Construction of Apollo Tyres’ first European Greenfield plant in Gyöngyöshalász, Hungary, officially began on 10 April 2015, with a foundation stone laying ceremony. 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.

Viktor Orbán, Prime Minister of Hungary and Onkar S Kanwar, Chairman of Apollo Tyres, jointly laid the foundation stone of the facility in the presence of Neeraj Kanwar, Vice Chairman and Managing Director, Apollo Tyres, Dr. László Szabó, Deputy Minister of Foreign Affairs and Trade, GyörgyHiesz, Mayor of Gyöngyös, János Pásztor, Mayor of Gyöngyöshalász, Dr. Gábor Pajtók,Administrative Government Commissioner of the Government Office of Heves Country and Róbert Szabó, President of General Assembly of Heves Country.

Onkar S Kanwar, Chairman, Apollo Tyres Ltd commented: “This is a significant milestone for us at Apollo Tyres, considering that a few years back we didn’t have any presence in Europe, and today, we are looking at having our 2nd manufacturing unit in place. With the new capacity in Hungary, we will be able to further increase our focus on the European market.”

The Gyöngyöshalász facility will have a capacity to produce 5.5 million passenger car and light truck (PCLT) tyres and 675,000 heavy commercial vehicle (HCV) tyres per annum. This facility will complement Apollo Tyres’ existing facility in the Netherlands, bringing the whole range of Apollo and Vredestein branded tyres to the European market. This plant is located less than 100 km from Budapest (capital city of Hungary) and meets the needs of Apollo Tyres, including having close proximity to various OE manufacturers as potential customers.

The recruitment for the new factory already started at the beginning of this year and the company has already signed scholarship programmes with close to 90 technicians who will be contracted as employees from 1 July. In the second half of the year, 150 more technicians will be employed, together with qualified engineers, to join the international tyre manufacturer’s team.

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Category: Company News, International News