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Financing secured for Apollo Tyres’ Hungary plant

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Some 300 million euros in financing have been secured for the factory Apollo Tyres is building in Hungary. This financing comes from a consortium of banks made up of ABN AMRO Bank NV, Magyar Export-Import Bank, Raiffeisen Bank, Standard Chartered Bank and UniCredit Bank Hungary.

Total investment in the passenger car and commercial vehicle tyre plant in Gyöngyöshalász will reach 475 million euros.

Related news:

  1. Apollo comments following financing deal for Hungary Greenfield plant
  2. European Commission says Hungary to host Apollo’s new tyre plant, endorses proposed investment
  3. Apollo Tyres opens €475 million greenfield Hungarian plant
  4. First truck tyres shipped from Apollo Tyres’ Hungary plant
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