Redevelopment for Apollo Factory Site

The 30-acre site of Apollo Tyres’ PTL Enterprise tyre manufacturing facility in Kalassery will reportedly be used for residential and commercial development following the factory’s relocation to Irapuram in the southwest India state of Kerala. The company intends to invest around Rs 400 million (£4.97 million) in the first phase of the relocation project, and in the second phase it will begin the production of cross-ply tyres at the new site. Previous reports indicate the factory will focus upon the production of specialty tyres.