Indian tyre major Apollo Tyres
signed a Memorandum of Understanding with the Government of Andhra Pradesh to
set up a state-of-the-art manufacturing facility. The company is looking at
investing approximately Rs 525 crores towards setting up this facility in the
state of Andhra Pradesh bordering the south-eastern coast of India.
The company also formally inaugurated its Global R&D Centre, Asia just outside the southern Indian city of Chennai. This is company’s 2nd Global R&D Centre, after the Global R&D Centre, Europe in the Netherlands, which is operational since 2013.
Meanwhile in Andhra Pradesh the Memorandum of Understanding was signed by Sunam Sarkar, Director, Apollo Tyres and Kartikeya Misra, IAS, Director of Industries, Government of Andhra Pradesh in the presence of N Chandrababu Naidu, Chief Minister, Andhra Pradesh and Onkar S Kanwar, Chairman, Apollo Tyres.
The proposed manufacturing facility will be the 5th plant for Apollo Tyres in India. It has two plants in Kerala and one plant each in the states of Tamil Nadu and Gujarat. The company has international manufacturing presence with a one plant in the Netherlands and another Greenfield facility currently being set up in Hungary.
Apollo Tyres formally
inaugurated its Global R&D Centre, Asia just outside the southern Indian
city of Chennai. This is company’s 2nd Global R&D Centre, after the Global
R&D Centre, Europe in the Netherlands, which is operational since 2013.
Onkar S Kanwar, Chairman and Neeraj Kanwar, Vice Chairman & Managing
Director, Apollo Tyres inaugurated the
Global R&D Centre, Asia in the presence of the company’s Supervisory Board
of Directors and Members of the Management Board.
The two Global R&D Centres
of Apollo Tyres, in addition to the core research, service the product
development needs of the respective regions. The Global R&D Centre, Europe
in Enschede, the Netherlands with a team size of 150+ people, services the
Europe and America region. While the Global R&D Centre, Asia having an
employee strength of 140-odd people, services the product development needs for
the entire Asia Pacific, Middle East & Africa region.
Besides the two Global R&D
Centres, Apollo Tyres also has set-up two satellite R&D Centres in
Bengaluru and Germany. The Advanced Engineering Centre in Bengaluru is working
towards integrating electronics into tyre technology, where as the one in
Raunheim (Frankfurt), Germany is working towards establishing ties with leading
German OE customers for both Apollo and Vredestein brands.
Few years back the company had
restructured its Research & Development team, across key geographies, to
create synergy and greater alignment to the company’s growth aspirations; and
to generate speed and relevance while entering new markets.
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