We almost spilled our pints upon reading comments Neeraj Kanwar allegedly made about British workers. In news now reported by numerous media sites, Daily Mail associate city editor John-Paul Ford Rojas quotes the vice-chairman and managing director of Apollo Tyres Ltd. as opining that employees in the UK “hardly work,” preferring instead to “go to the pub.” Kanwar concedes that these comments were just a “quip” – but he’s unlikely to consider the UK for a future tyre plant.
Toyo Tires is working with its distribution partner in Hungary, AKH to support László Bunkoczi who is participating in the 15th edition of the Africa Eco Race. Bunkoczi lined up in the Rally Raid category in Monaco on 30 December. After crossing to Morocco the following day, the Africa Eco race runs over 6000km through Morocco, Mauritania and Senegal before reaching its conclusion in the historic city of Dakar on 14 January.
With an investment of KRW 758.95 billion (£466.12 million), Hankook Tire & Technology will add truck and bus radial production to its site in Rácalmás, Hungary. The company expects the new production line to be completed by 2027, with an initial capacity to produce around 800,000 tyres annually. The expansion will create approximately 450 new jobs.
Apollo Tyres has opened a new European distribution centre at the VGP Park in Győr, Hungary. The new site, which includes a 24,000m2 warehouse and an additional 600m2 of office space, reportedly has easy access to Apollo Tyres’ Gyöngyöshalász factory and will serve as a hub to transport tyres across Europe.
Off-highway tyre specialist GRI has acquired Hungary-based tyre distributor ATRA Kecskemet, a company reported to hold a more than 50 per cent market share in the country’s material handling and construction tyre markets. The acquisition includes eight ATRA branches across Hungary and brings the firm’s 50-strong workforce into the GRI fold.
Exclusive Formula 1 tyre supplier Pirelli will offer softer compounds at the Hungaroring than in 2022’s Hungarian grand prix when the series visits the country on 21-23 July: the C3 will be P Zero White hard, C4 will be P Zero Yellow medium and C5 will be P Zero Red soft. The Alternative Tyre Allocation (ATA) will also make its debut in Hungary. The ATA is a new allocation for qualifying that was originally scheduled to be used at the cancelled Emilia-Romagna Grand Prix and will also be tested at the Italian Grand Prix in September.
Triangle’s EffeXSport passenger car tyre range is not new to the market. The high-performance tyres were previewed at Tire Cologne in May 2022 and Triangle highlighted the initial line-up’s strong labelling performance in March 2023. However, Triangle’s EffeXSport event at the Hungaroring near Budapest, Hungary sought to offer key distributors and journalists the chance to “EffeXperience” the tyre’s performance when pushed to the limit.
Harley-Davidson receives a lot of stick about the average age of its bikes’ owners, but even the most senior hog rider is a spring chicken in comparison to the brand itself. This year Harley-Davidson marks its 120th anniversary and will celebrate next month with the HD120 event at the Puskás Aréna. Dunlop will join the company in Budapest from 22 to 25 June.
Apollo Tyres is now sourcing 100 per cent of its natural rubber supplies from companies who have committed to sustainability throughout the supply chain, aligning with the code of conduct set out by the Global Platform for Sustainable Natural Rubber (GPSNR). The new initiative, which came into full effect recently and forms part of Apollo Tyres’ Global Sustainability Strategy, applies to the supply of natural rubber to the company’s two European production facilities in the Netherlands and Hungary.
A 32-million-euro investment in warehousing is taking place at Hankook Tire’s factory in Rácalmás, Hungary. Hankook has already begun building warehouses for the storage of both raw materials and finished tyres and anticipates that the facility will begin operating within a year.
Hankook Tire has appointed Hyung Yun Kim managing director of its factory in Hungary. Kim succeeds Seong Hak Hwang, who has managed the Rácalmás production site since 2017 and will now take up a new role within the company.
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.
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).