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Indian Apollo Tyres to expand capacity in Holland and South Africa
Date:2010-08-13 Source:www.chinatrucks.com
(chinatrucks.com, August 13, 2010) India Auto Tyre Manufacturer, Apollo Tyres, has announced recently that Apollo is to respectively invest 6,600,000 Euros and 30 million Dollars in Holland plant and South Africa plant to expand capacity.
Annual tyre capacity of Apollo Holland plant is to reach 6 million from 5,100,000 after capacity expansion. Durban and Ladysmith plants in South Africa of Apollo shall be expanded and the equipment be updated with 30 million dollars investments.
In India, the plant of Apollo located in Greenfield is to be completed at the end of 2010. Apollo is also representing that the investment is also increased later.
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