Rubber plantation acquisitions a possibility for Apollo

27th May 2011 | 0 Comments
 
Rubber plantation acquisitions a possibility for Apollo

Management at Apollo Tyres are considering the purchase of rubber plantations as a potential means of countering ever increasing rubber prices. On May 27, the tyre maker’s vice-chairman and managing director Neeraj Kanwar told Indian publication The Economic Times that “as far as buying rubber plantations, or for that matter any kind of backward integration, is concerned, we are always open to possibilities depending upon the need of the hour.”

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