With the foundation stone laying ceremony, Apollo Tyres can now look forward to a Greenfield plant in Europe. Operations at the HUF 146 bln Apollo Tyres Gyongyoshalasz facility will begin in early 2017. Both, Apollo and Vredestein branded tyres will be manufactured at the site, and supplied to the European market.
Viktor Orban, Prime Minister of Hungary and Onkar S Kanwar, Chairman of Apollo Tyres laid the foundation stone. Neeraj Kanwar, Vice Chairman and Managing Director, Apollo Tyres, Dr. Laszlo Szabo, Deputy Minister of Foreign Affairs and Trade, GyorgyHiesz, Mayor of Gyongyos, Janos Pasztor, Mayor of Gyongyoshalasz, Dr. Gabor Pajtok, Administrative Government Commissioner of the Government Office of Heves county, and Robert Szabo, President of General Assembly of Heves county were in attendance.
Onkar S Kanwar, Chairman, Apollo Tyres Ltd says this is a significant milestone for the company, given that a few years back, Apollo didn’t have a presence in Europe. Now. the company is looking at having its 2nd manufacturing unit in place. With the Hungary plant operational, Apollo Tyres will be able to further increase focus on the European market.
State-of-the-art Apollo Tyres Gyongyoshalasz facility once completed will have production capacity of 5.5 million passenger car and light truck (PCLT) tyres, and 675,000 heavy commercial vehicle (HCV) tyres per annum. It complements Apollo Tyres’ existing facility in Netherlands, and will bring the complete range of Apollo and Vredestein tyres to the European market. Gyongyoshalasz plant is located within 100 kms from Budapest, and is in close proximity to OE manufacturers who are potential customers.
Recruitment for Apollo Tyres Gyongyoshalasz facility is underway since 2015 start. Apollo Tyres has signed scholarship programmes with about 90 technicians who will be contracted as employees from July 1. In H2 2015, another 150 technicians will be employed, alongside engineers.