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You are here: Home1 / Enschede

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Vredestein: Made in India, for India

International News

Dutch tyre brand Vredestein is coming to India. During an investor call this month, parent company Apollo Tyres confirmed that Vredestein products are being manufactured in this market and will be introduced locally during the first quarter of 2021.

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Related news:

  1. Apollo Tyres opens €475 million greenfield Hungarian plant
  2. Apollo Tyres partners with Indian cricketing great
  3. Vredestein Enschede: Company and employees fail to reach agreement
  4. Cutting ‘bad’ costs, working smarter – Apollo MD Neeraj Kanwar answers T&A’s questions
23rd February 2021/0 Comments/by Stephen

State support for Apollo Tyres’ investment in Hungary production

Company News, International News

Earlier this year Apollo Tyres announced it would transfer much of the remaining car tyre production in Enschede, the Netherlands to its factory in Hungary. To accommodate this change, the tyre maker has approved a HUF 4.4 billion (£11.2 million) investment to modernise and expand consumer tyre production at the Gyöngyöshalász site. Hungary’s government is supporting this project with a HUF 1.4 billion (£3.6 million) grant.

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Related news:

  1. Apollo Tyres: Netherlands car tyre production down, but not out
  2. Increasing ag focus: Apollo Vredestein reducing PCR production in Netherlands plant
  3. First truck tyres shipped from Apollo Tyres’ Hungary plant
  4. Apollo Tyres: Stable sales in Europe, but profits further in the red
17th December 2020/by Stephen

Apollo Tyres: Stable sales in Europe, but profits further in the red

Company News

Apollo Tyres had to accept a drop in its turnover and earnings in the half-year to 30 September 2020, with the notable exception of sales in Europe. The company’s global sales in the first half of its current April 2020 to March 2021 financial year were Rs 70.62 billion (£728.85 million), 13.9 per cent less than the sales it gained a year earlier. Net profit dropped 71.1 per cent year-on-year to Rs 650 million (£6.71 million).

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Related news:

  1. Apollo Tyres looking for ‘healthy topline growth’ after 22% sales increase in FY 2017-18
  2. Apollo Tyres maintains turnover, increases profits
  3. Apollo Tyres: Netherlands car tyre production down, but not out
  4. Apollo Vredestein plant restructuring: Dutch politicians seek answers from European Commission
5th November 2020/by Stephen

Vredestein Enschede: Company and employees fail to reach agreement

Company News, International News

Lay-off talks between Vredestein and employees at its Enschede factory in The Netherlands have not resulted in an agreement. The talks were prompted by the management’s announcement in early March that the firm is moving much of its production to Hungary. Since this will result in laying off around 750 of the 1,200 employees, a works council was developed in order to formulate an alternative proposal. However, according to various local news reports, the proposal was not received positively by the company management.

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Related news:

  1. Headcount reduction at Apollo Vredestein’s Enschede plant closer to 900
  2. Apollo Vredestein to increase prices
  3. 750 jobs to go at Apollo Vredestein’s Netherlands plant
  4. Apollo Vredestein ‘scaling back’ European production
5th June 2020/by Chris

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