With an inauguration ceremony on April 7, attended by more than 1,400 Apollo employees, vendors, dealers and dignitaries, including Hungarian Prime Minister Viktor Orban, Apollo Tyres Ltd. officially opened one of the world’s most technologically advanced and environmentally efficient tire facilities. Once Phase I is complete, the plant in Gyongyoshalasz, Hungary, will have the capacity to produce 5.5 million passenger and light truck tires and 675,000 commercial vehicle tires per year.
“It’s the culmination of years of planning, hard work and people living the values cherished by Apollo of working as one family to make this dream happen,” said Neeraj Kanwar, vice chairman and managing director of the Gurgaon-India based Apollo.
The plant is Apollo’s sixth worldwide and second in Europe. “Given now that we have two domestic markets, which is largely Europe and India, our next stop has to be the U.S.,” Najeer Kanwar said.
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