Apollo to ‘feed’ Asian market in preparation for new plant

In addition to soon to be announced plans for a new factory in Central/Eastern Europe, Apollo Tyres has voiced interest in establishing a plant somewhere in Asia. On 11 May, the Hindu Business Line quoted Apollo vice-chairman and managing director Neeraj Kanwar as saying “we would like to set up a production base in Asean.”

Kanwar described Apollo’s Asean region aspirations as a “very long term plan” and said the tyre maker would first establish a demand for its products in Southeast Asia by “feeding the market for three to four years.”

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