• Twitter
  • Facebook
  • Instagram
  • Subscribe
  • Free Newsletter
  • My Account
Tyrepress
  • 0Shopping Cart
  • NewsNews
    • Latest News
    • Company News
    • UK News
    • Product News
    • International News
    • Retreading
    • Career Tracks
    • Motorsport
    • Video
    • Tyrepress Videos
  • Data
    • Leading Tyre Manufacturers
    • Leading Retailers (UK)
    • Social Media Ranking
    • Online Branding
    • Brand Finance rankings
    • Blue Light Fleet Analysis
    • Astutus Research analysis
    • Tire Market Forecasts
  • Features
    • Goodyear to buy Cooper – special supplement
    • TPMS and Sensor Technology 2021
    • Tyre Industry Conference 2020
    • Online Tyre Business 2020
    • Kick-starting your business webinar May 2020
  • Business Directory
    • Browse Entries
    • List Your Company on the Business Directory
  • Jobs
    • Situations vacant
    • Career Tracks
  • Classifieds
  • Magazine
    • Latest Issue
    • Read Tyres & Accessories Magazine online
    • Tyres & Accessories Magazine Archive
  • Shop
    • Subscription Shop
    • Report Shop
    • Directory Shop
  • About
    • Company Profile
    • Media Information
    • Frequently Asked Questions (FAQs)
    • Legal
    • Contact Us
  • Tyre Tests
  • Search
  • Menu
You are here: Home1 / News2 / Company News3 / Apollo Still Contemplating Eastern Europe Greenfield Plant?

Apollo Still Contemplating Eastern Europe Greenfield Plant?

Date: 7th January 2010 Author: Tyrepress Editors Comments: 0

Although Apollo Tyres, as CFO Sunam Sarkar told Indian publication Outlook Business in December, decided to pass up on the acquisition of Mexico’s Tornel, it is by no means ready to stop its global growth. The magazine reports that plans for a presence in Eastern Europe are still on the agenda.

As you may remember, during 2008 Apollo examined several Eastern European sites, including Gyöngyös in Hungary, with the intention of setting up a greenfield facility. Yet in early 2009 the company announced an almost two hundred per cent reduction in capital expenditure plans for the following two years, and thereafter plans for Eastern Europe were put on hold. When Apollo’s intention to purchase the financially burdened Dutch manufacturer Vredestein was announced only two months later, it was assumed the greenfield project further east was a dead issue for the foreseeable future. Yet according to Outlook Business, Sarkar ‘indicates’ Eastern Europe may still be an ideal location for a new facility. “I think we have tested both organic and inorganic routes,” he is quoted as saying. “We are reasonably happy with this model and we will continue with it.” 

Related news:

  1. Apollo Vredestein Expands East European Business
  2. Titan’s Planet Group acquisition finalised
  3. A New Beginning
  4. European operations a highlight of Apollo results
Comments

Leave a Reply Cancel reply

Connect with:
Facebook Google Twitter

Your email address will not be published. Required fields are marked *

Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • Share on LinkedIn
  • Share on Reddit
  • Per E-Mail teilen

Advert Location 348

Related Tags

acquisition, Apollo Tyres, Company News, Europe, magazine, purchase, Vredestein

Advert Location 28

Top five articles this week

Advert Location 29

© 2020 - Tyrepress
  • Twitter
  • Facebook
  • Instagram
  • WhatTyre
  • Reifenpresse
  • PneusNews
Update – Details emerging on Impact of Kumho Workout ATS Euromaster Buys 44 New Mobile Tyre Fitting Vans
Scroll to top