Tag: India

Apollo commemorates International Day for Conservation of Mangroves

Apollo commemorates International Day for Conservation of Mangroves

27th July 2018 | 0 Comments

The mangrove conservation project, referred to as ‘Kannur Kandal project’, initiated by Apollo Tyres in partnership with Wildlife Trust of India (WTI), recently commemorated the UNESCO-mandated international day for conservation of mangroves at Kannur, Kerala. Honourable Mayor of Kannur Municipality, Ms E P Latha was the chief guest at this half-day event, which was attended by senior government and forest officials, representatives of Apollo Tyres and WTI, Community Members and Academia.

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Ceat signs India factory MoU

9th July 2018 | 0 Comments

In a letter to BSE, Ceat Ltd. has confirmed entering into a Memorandum of Understanding (MoU) with the government of India’s Tamil Nadu state. The tyre maker told the stock exchange that the MoU for setting up a new greenfield facility covers an estimated investment of Rs 40 billion (£437 million) over a period of ten years. It adds that passenger car radials, commercial vehicle radials and two-wheeler tyres will be produced in the plant.

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CEAT plans to invest US$500 million in new tyre factory

CEAT plans to invest US$500 million in new tyre factory

2nd July 2018 | 0 Comments

Indian tyre manufacturer Ceat is planning to invest around 40 billion rupees (£442.4 million; 499.8 million euros; $482 million) in the construction of a greenfield tyre manufacturing facility near Sriperumbudur, 40 kilometres west of Chennai. The Times of India reports that the Tamil Nadu cabinet met on Wednesday 27 June to “approve the new project and offered a structured incentive package for the unit, which when becomes operational in about a year, will directly employ 1,000 people”.

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China Synthetic Rubber considering India location

25th June 2018 | 0 Comments

Taiwan-based China Synthetic Rubber is considering investing 10 billion rupees (126 million euros; £110.9 million; US$146.8 million) in a carbon black manufacturing facility in Gujarat, India. According to the Financial Express, the company has identified potential locations in the chemicals and petrochemicals investment region for the proposed project.

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JD Power survey confirms Apollo Tyres’ strength in India’s small car segment

JD Power survey confirms Apollo Tyres’ strength in India’s small car segment

16th May 2018 | 0 Comments

Apollo Tyres has voiced its pleasure at being ranked highest in the small car segment of the recently-released JD Power 2018 India Original Equipment Tyre Customer Satisfaction Index (TCSI) Study.

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Ceat’s Goenka becomes chairman of India’s ATMA

Ceat’s Goenka becomes chairman of India’s ATMA

26th March 2018 | 0 Comments

Anant Goenka, managing director of Ceat Ltd., has been elected chairman of Indian tyre industry body the Automotive Tyre Manufacturers’ Association (ATMA). Rajeev Anand, chairman and managing director of Goodyear India Ltd., is the association’s new vice-chairman.

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Maxxis opens tyre factory in India

Maxxis opens tyre factory in India

8th March 2018 | 0 Comments

The Maxxis Group has officially inaugurated its first plant in India. The Maxxis Rubber India facility in Ahmedabad, Gujarat state, was set up with an investment of approximately US$400 million and specialises in the production of tyres and tubes for two-wheel vehicles. Production at the site began half a year ago with an initial daily capacity of 20,000 tyres and 40,000 tubes.

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Groundbreaking held for Maxion Wheels’ India plant

20th February 2018 | 0 Comments

At an event held yesterday, groundbreaking took place for the future Maxion Wheels facility in India. Invited guests, including suppliers, customers, local officials and company management, were present to witness the ceremonial turning of the first sod and unveiling of a plaque to mark the occasion.

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Indian online tyre retailer Tyremarket.com seeks UK, domestic investment

Indian online tyre retailer Tyremarket.com seeks UK, domestic investment

6th February 2018 | 0 Comments

Online retailer Tyremarket.com is seeking to establish a market leading position in India through its latest investment drive. With India already the world’s second-largest internet user, and online transactions expected to rise rapidly in the next few years, the company is pursuing a strategy to reach the top spot in what is one of the largest developing tyre markets too. Lead by former Siemens executive Sanjeev Agrawal, and with UK online tyre retailer Blackcircles.com founder Michael Welch OBE on board as strategic adviser and shareholder, Tyremarket.com states that it is “on track for market leading position in the $5 billion plus domestic replacement market.”

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Construction to begin on new Maxion Wheels plant in India

31st January 2018 | 0 Comments

On 19 February 2018, Maxion Wheels will hold a groundbreaking ceremony for its new light vehicle aluminium wheel plant in India. Preparations for the facility have already commenced with the acquisition of a plant site in Pune (Maharashtra state) as well as the formation of a new legal entity, Maxion Wheels Aluminum India Private Limited. This company came into being on 8 January.

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Apollo Tyres one of ‘best workplaces in manufacturing’

23rd January 2018 | 0 Comments

Great Place to Work Institute has identified Apollo Tyres, India’s leading tyre maker, as one of India’s Best Workplaces in Manufacturing – 2018. The company is ranked among the top 10 workplaces in the manufacturing segment in India. Apollo Tyres has been rated highly for its transparency in performance management process, especially the variable pay, and the employee development programmes.

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India expansion to boost Yokohama Rubber’s off-highway tyre production

15th January 2018 | 0 Comments

A total of US$45.5 million is being invested to expand the Yokohama Group’s global production capacity for off-highway tyres. The investment will cover the production of a new plant in India that will add a further 34,700 tonnes to Yokohama’s capacity by the end of 2019. Work on the plant will commence next month at the site in Dahej operated by ATC Tires Pvt. Ltd., a subsidiary of Yokohama Rubber’s July 2016-acquired off-highway company Alliance Tire Group (ATG).

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Apollo Tyres lays foundation stone for 7th factory

Apollo Tyres lays foundation stone for 7th factory

9th January 2018 | 0 Comments

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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Mike Welch launches new property investment fund

3rd January 2018 | 0 Comments

Full Circle Partners, the investment advisory firm co-founded by Blackcircles.com founder Mike Welch has launched a new property fund. FCP Property Development Fund will provide loans ranging from £250,000 to £2.5 million. It has reportedly already invested approximately £6 million and could raise that to £20 million in the next year or so.

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Points S opens first branches in India

14th December 2017 | 0 Comments

Following the news that Point S was expanding into India at the beginning of the year, Point S has opened its first branded locations in Ludhiana, Punjab (North) and Kochi, Kerala (South). In India the Point S concept is implemented through master franchise agreements with three regional partners who cover five of the most dynamic states: Deviate Enterprises for the Nation Capital Territory of Delhi and Punjab; GIAAN International for Maharashtra and Goa; and Tyrekada for Kerala.

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