The foundation stone of Apollo
Tyres’ ultra modern global scale manufacturing facility was laid on January 9,
2018 by N Chandrababu Naidu, Chief Minister of Andhra Pradesh (AP) in the
presence of Onkar S Kanwar, Chairman and Neeraj Kanwar, Vice Chairman & MD,
Apollo Tyres Ltd. The planned facility of Apollo Tyres is located in
Chinnapanduru village, Chittoor district, in the state of Andhra Pradesh
bordering the south eastern coast of India.
Apollo Tyres has purchased 200
acres of land from the AP Govt for the manufacturing facility, and would be investing
close to Rs 1800 crores in the first phase. The construction will start within
the next 6 months, and the tyres are expected to start rolling out from this
facility in the following 24 months. The company plans to start with
manufacturing of passenger vehicle tyres in this facility, due to the growing
demand in this segment, and will later on expand to start producing other
product categories as well.
Speaking on the occasion Naidu
said, “I am very delighted to have Apollo Tyres, the Indian multinational,
after setting its world-class facilities in Chennai and Hungary recently, now
setting-up a state-of-the-art manufacturing unit in Andhra Pradesh. This will
provide direct jobs to nearly 700 people and to many more indirectly, in the
first phase. The employment opportunity would further get increased when the
company expands in the future.”
Onkar S Kanwar, Chairman,
Apollo Tyres Ltd said, “While planning for this state-of-the-art manufacturing
facility, we have provisioned for the future capacity expansion requirements in
India for the next 5 years and more. We are thankful to the AP Govt for
excellent cooperation received from them so far, and are confident of getting
the same going forward as well towards the smooth construction and management
of this facility. As a responsible corporate, we would be more than happy to
contribute towards Shri Chandrababu Naidu’s vision of making Andhra Pradesh a
Apollo Tyres currently has
four manufacturing facilities in India -- two (including a leased facility) in
the rubber producing state of Kerala, and one each in Gujarat and Tamil Nadu.
Outside India, the company has a manufacturing facility each in The Netherlands
Source: Apollo Tyres
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