Apollo Tyres has just laid the foundation for its seventh manufacturing facility globally. The new factory, a highly modern manufacturing facility is located in Chinnapanduru village, Chittoor district, in the state of Andhra Pradesh in India. A gala event was held to mark the laying of the foundation stone by the Chief Minister of Andhra Pradesh state, N. Chandrababu Naidu in the presence of senior officials from Apollo Tyres like Onkar S Kanwar, Chairman and Neeraj Kanwar, Vice Chairman & MD, Apollo Tyres Ltd.
Apollo Tyres had bought 200 acres of land from the government of the state for setting up the factory, and would be investing about Rs. 18 million in the first phase of the project. Construction of the factory is slated to start within the next six months and it is expected that production of tyres will commence within two years. Apollo is planning to use the plant for the the production of tyres for passenger cars, as the demand in this segment is growing at a fast pace. Eventually, the plant will expand production to other types of tyres as well.
Speaking at the ceremony held to mark the laying of the foundation stone, the Chief Minister of Andhra Pradesh, N Chandrababu Naidu, said that Apollo had recently set up world class manufacturing facilities in Hungary and Chennai and he was happy to see that Apollo had chosen Andhra Pradesh for its next factory. The factory is expected to employ at least 700 people directly and many more indirectly in its first phase and even more when it expands further in the future.
Onkar S Kanwar, Chairman, Apollo Tyres Ltd said that while making plans for this new factory in Andhra Pradesh, the company had also , “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 ‘sunrise’ state.”
Currently, Apollo Tyres has four manufacturing facilities in India, of which – 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 and Hungary.
Manju Mathew, an MBA in marketing, completed publisher training courses from the Oxford Brookes University and New York University. She started with marketing and PR roles before moving on to her current position as a full time writer. Currently living in Dubai, her life as an expat has sharpened her observation skills and flair for writing. She enjoys writing about luxury cars like Ferrari, Lamborghini, etc even if she can only dream of owning them.
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