Apollo Tyres is investing £5 million in a London-based digital innovation hub as part of a five-year growth plan, which involves significant investment in technology and cloud infrastructure. The announcement is set against the backdrop of UK prime minister Boris Johnson’s visit to India to discuss UK-India economic partnership, with Johnson specifically commenting on Apollo’s investment.
Apollo Tyres has appointed Hizmy Hassen to the newly-created position of Chief Digital Officer (CDO). Hassen will be based at the company’s London office, and will be responsible for leading the strategy and operations of Apollo Tyres’ digital journey, including responsibility for Information Technology. Hizmy Hassen will report to Neeraj Kanwar, vice chairman and MD, Apollo Tyres Ltd.
Titan International, Inc. has started moving its core business and manufacturing processes to Oracle Cloud Applications. With Oracle Cloud Applications for finance, supply chain and manufacturing, the tyre maker will be able to take advantage of an integrated suite of applications to break down silos, quickly and easily embrace the latest advancements in machine learning and Internet of Things technology, and improve user engagement, collaboration and performance.
The tyre plant that Prinx Chengshan is building in Thailand is expected to enter operation next year, and the tyre maker reports that it will extensively use intelligent manufacturing systems to achieve greatly enhanced efficiencies. It says production efficiency will be increased by 20 per cent in the new plant. The production cycle itself will be shortened by 20 per cent, work efficiency increased by 40 per cent and raw material wastage reduced by 80 per cent.
The Goodyear Tire & Rubber Company has announced plans to build a new highly automated facility in Luxembourg. The company is investing $77 million in the facility, which will produce approximately 500,000 tyres annually and create approximately 70 new, full-time positions.