Apollo to establish Singapore base, redesignates Sarkar as chief business officer

20th November 2014 | 0 Comments
 
Apollo to establish Singapore base, redesignates Sarkar as chief business officer
Sunam Sarkar

Asia is an enticing part of the world for many tyre makers, including Apollo Tyres, which has stated its desire to make inroads there. A small but significant step it has taken into the region is the relocation of incumbent president and chief financial officer Sunam Sarkar to Singapore. Sarkar’s arrival will likely be followed by the establishment of an office in the city state, and – although Apollo hasn’t yet made any official announcement to this effect – he seems the logical choice to oversee the operation set up there. A secondary function of Apollo’s new presence in Singapore will be to aid its sourcing of raw materials in Asia; the subject of rubber is a high profile one for tyre makers in India, and despite the higher duty affixed to natural rubber compared to finished tyres, manufacturers rely heavily on imports of this raw material.

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