Hungary Production Will Not Begin Before 2010 – Apollo

Apollo Tyres is said to be experiencing delays acquiring land and gaining regulatory clearance for the tyre manufacturing facility it is building in Hungary. Because of this, production is now expected to commence later than the originally anticipated June 2009 start date.

“The government regulatory process is still ongoing. What we had expected to get done now has been delayed by about a quarter or so,” Kankana Das told the Reuters news service. Apollo now hopes to acquire the site land by December and begin construction work next March or April. Therefore, it appears that production will begin in June 2010 at the earliest.