Apollo Official Quoted as Saying Gyöngyös Site Still an Option

Truth or fiction? Indian media outlet DNA has quoted an unnamed ‘senior’ Apollo Tyres official as saying the company has not put a stop to its planned Gyöngyös, Hungary. “The Hungarian plant is only delayed, not cancelled yet,” said the official. “We could go back to that plant.” The nameless Apollo official added the company was, however, simultaneously looking at other locations in Europe, just in case the Hungarian facility doesn’t materialise.

Apollo’s communications agency has been quick to distance itself from these remarks. In a statement, it denied any official from Apollo Tyres made the above remarks to DNA: “None of the senior officials of Apollo Tyres talked to the aforementioned portal. As we have said before, Apollo Tyres has started to evaluate the offers made by different Hungarian and Slovakian settlements and industrial parks for to host its European Manufacturing and High Technology Centre.”