Apollo Tyres lays foundation stone for 7th factory

Tuesday 9th January 2018 | 0 Comments
 
N Chandrababu Naidu, Chief Minister of Andhra Pradesh state, lights a ceremonial lamp during the stone laying, accompanied by Neeraj (left) and Onkar Kanwar (2nd from left)
N Chandrababu Naidu, Chief Minister of Andhra Pradesh state, lights a ceremonial lamp during the stone laying, accompanied by Neeraj (left) and Onkar Kanwar (2nd from left)

After opening its new European factory last year, Apollo Tyres is now focusing on expanding its manufacturing footprint at home. A ceremony was held today to lay the foundation stone of the tyre maker’s fifth plant in India and seventh facility worldwide. The new factory is located in Chinnapanduru, Andhra Pradesh state, and is expected to enter operation in mid-2020. Apollo Tyres is investing close to Rs 18 billion (£209.4 million) in the first phase of the new plant project.

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Category: Company News, International News