Tag: Hungary

Apollo Tyres signs three-year sponsorship deal Hungarian football team DVTK

Apollo Tyres signs three-year sponsorship deal Hungarian football team DVTK

4th May 2018 | 0 Comments

Deepening it’s connect further with Hungary, Apollo Tyres has partnered with DVTK – a local top flight football and sports club. Apollo is now looking at leveraging DVTK’s “passionate and massive fan base” to raise awareness of its brand among potential customers, business partners and consumer audiences in Hungary.

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Hankook adding truck tyre production to European plant

Hankook adding truck tyre production to European plant

26th March 2018 | 0 Comments

With an investment of approximately 290 million euros, Hankook Tire is adding a truck tyre production unit to its factory in Rácalmás, Hungary. Work on this expansion project – the fourth since the plant opened in 2007 – will begin in June, with production expected to commence in June 2020. The truck tyre production unit will have the capacity to make 550,000 tyres a year, and its opening will create around 150 new jobs.

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Apollo Tyres aiming for 20/80 OEM-replacement mix in Europe

Apollo Tyres aiming for 20/80 OEM-replacement mix in Europe

17th August 2017 | 0 Comments

Following the start of production at its Gyöngyöshalász plant in Hungary last quarter, Apollo Tyres is on its way to almost doubling European passenger car tyre production capacity over the coming year and a half. Speaking with analysts and investors last week after the release of Apollo’s FY2018 financial results, chief financial officer Gaurav Kumar confirmed that the facility in Hungary is expected to reach a daily capacity of 16,000 car tyres by the second half of FY2019 – in other words, sometime between September next year and the end of March 2019. This will give Apollo Tyres a total daily capacity of up to 35,000 passenger car tyres at its two European plants – and more than a third of output in Gyöngyöshalász may be earmarked for OEM customers.

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Kwik Fit opens 10th branch in Hungary

13th July 2017 | 0 Comments

Kwik Fit has begun automotive repairs and servicing at its 10th location in Hungary, with the addition of a new centre in Kecskemét. The opening ceremony for the centre was performed by Olympic medal winning wrestler Norbert Növényi and István Bogasov, Kecskemét city councillor, who joined centre owner Gyorgy Meszaros to mark the start of operations. Gyorgy Meszaros is running the Kecskemét centre under a franchise agreement with Kwik Fit Hungary. Meszaros has operated a car dealership on the site since 2003 and saw a Kwik Fit franchise as a way to offer customers a full range of automotive maintenance and repair services under an internationally respected brand.

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Pirelli announces compound choices and mandatory sets for Hungary grand prix

25th May 2017 | 0 Comments

Pirelli has announced that it will bring the P Zero Red supersoft, Yellow soft, and White medium compounds to the eleventh round of the 2017 Formula One season at the Hungaroring (28-30 July).

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Apollo Tyres opens €475 million greenfield Hungarian plant

Apollo Tyres opens €475 million greenfield Hungarian plant

4th May 2017 | 0 Comments

The opening of Apollo Tyres’ Gyöngyöshalász plant, 100km east of Budapest, marks a significant event for both the company’s global aspirations and the Indian tyre industry – the 72 hectare greenfield factory, begun in April 2015, is the first inaugurated by an Indian tyre company to come online outside the domestic market. The importance was reflected in the event itself, with some of the plant’s cavernous warehousing housing around 1,300 guests, among whose number was the prime minister of Hungary, Viktor Orban, who declared Apollo’s sixth global tyre manufacturing plant – its second in Europe after the existing Netherlands facility acquired alongside Vredestein – open on 7 April.

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New MD for Hankook’s Hungary plant

20th January 2017 | 0 Comments

Seong Hak Hwang has taken over from Sang Il Lee as managing director of Hankook Tire Hungary following the latter’s retirement on 1 January.

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Bridgestone plants in Hungary, Russia to use Examation tyre making system

Bridgestone plants in Hungary, Russia to use Examation tyre making system

17th October 2016 | 0 Comments

Examation, a new tyre manufacturing system from Bridgestone Corporation that combines technologies from the company’s BIRD production system with artificial intelligence, will be introduced into Bridgestone’s Tatabánya car tyre factory in Hungary this year. Following the system’s set-up in Hungary, Bridgestone will then introduce Examation in its new plant in Ulyanovsk Oblast, Russia, which is expected to commence production in the final quarter of 2016.

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Speedline Truck supports local hero in Hungary

Speedline Truck supports local hero in Hungary

31st August 2016 | 0 Comments

The fifth race in this year's season of the FIA European Truck Racing Championship was held from August 26 - 28 at the Hungaroring circuit near Budapest. The Speedline Truck Team was on hand with its regional trading partners to cheer on local hero Norbert Kiss, but, sadly, he did not emerge victorious.

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Hungary plant – Apollo Tyres anticipates €300M investment by end of fiscal year

19th August 2016 | 0 Comments

Apollo Tyres’ Enschede plant in the Netherlands has a 200 tonne per day capacity and currently operates at more than 90 per cent capacity utilisation, and to supplement output within the region the tyre maker is currently erecting a brand new factory in Hungary. During a conference call last week, Gaurav Kumar, chief financial officer at Apollo Tyres Ltd., confirmed that the company has planned a capital expenditure of €200 million for the project during the current financial year (1 April 2016 to 31 March 2017).

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Pirelli previews Hungarian grand prix as F1 season passes halfway mark

18th July 2016 | 0 Comments

Pirelli will supply its P Zero Red supersoft, Yellow soft and White medium compounds to Formula One’s teams at the recently resurfaced Hungaroring. The tyre manufacturer says that the circuit “could not be any more different” following the previous race at Silverstone; the tight and twisty Hungaroring has been described as being like an oversized go-kart track, while weather conditions can range from extremely hot (a common occurrence) to rain (which was the case two years ago, as well as 2011).

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Hankook talks OE tyre development for Europe, presents Ventus Prime³

Hankook talks OE tyre development for Europe, presents Ventus Prime³

22nd April 2016 | 0 Comments

The choice of Hungary, home of its European manufacturing base, as the location for this month’s ‘Ventus Experience’ media event underlines Hankook Tire’s growing focus on original equipment supply within the region. In addition to introducing the Ventus Prime³ comfort tyre, during the event Hankook Tire showed the fruits of recent investment in its factory in Rácalmás, and shared how the facility is helping it meet the requirements of European vehicle manufacturers.

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Thyssenkrupp invests 100 million euros in Hungary car parts plant

23rd February 2016 | 0 Comments

Thyssenkrupp is to build a new automotive components plant in Hungary. The company will invest around 100 million euros in a new production site for engine components and steering systems. Construction of the plant in Jászfényszaru, 70 kilometres east of Budapest, will start in spring 2016, with production of electronic power-assisted steering systems and cylinder head covers with integrated camshafts planned to commence in 2018. Thyssenkrupp reports that it will create around 500 new jobs at the site in the coming years. The expansion has reportedly been prompted by “major orders from international OEMs”.

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Bridgestone revises completion date for Hungary expansion

Bridgestone revises completion date for Hungary expansion

8th January 2016 | 0 Comments

Bridgestone Corporation reported yesterday that plans to treble capacity at its Tatabánya plant in Hungary will be realised by 2020 rather than in the first half of 2017, as previously anticipated. The project to boost production capacity at the Bridgestone Tatabánya Termelö Kft facility from 6,000 to 18,000 passenger car tyres a day was announced in October 2012, and ground broke on the €267 million expansion the following summer.

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Michelin to supply European markets from newly-expanded site in Hungary

Michelin to supply European markets from newly-expanded site in Hungary

9th December 2015 | 0 Comments

In 2016 Michelin intends to develop its logistics centre in Vác, Hungary into a centre for tyre distribution within Europe, and to realise this aim has undertaken a €7 million expansion of the site. In a Hungarian-language press statement the tyre maker reports that the 30,000 square metre facility has been handed over and is ready for its new responsibilities; from 1 January 2016 it will supply tyres to 15 countries in Central and Southern Europe (Michelin names the Czech Republic, Albania, Austria and Bulgaria as four of these), and will receive tyres from all of Michelin’s European factories.

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