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Leading marques considering Apollo as an OE supply partner

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Apollo Tyre’s continued attendance at the Geneva show is about more than just having a stand in a prominent position a high profile motoring event. And it’s about more than communicating the brand value of its Manchester United association or the merits of its latest marketing campaign too. Those things are clearly all in place but – as Tyres & Accessories learnt during the course of the 2017 Geneva Show – this event has always been about building OE relationships.

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Related news:

  1. Apollo Tyres buys Germany’s reifen.com
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Apollo to introduce European truck tyre range at the CV Show

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Apollo Tyres will make its CV Show debut with a stand at the event at Birmingham’s NEC in April. At the same time the company plans to introduce its range of European market-orientated truck tyres as well as its strategy for engaging with the whole of the commercial vehicle sector. Several weeks ahead of the CV Show, Tyres & Accessories met up with Benoit Rivallant who is Apollo Tyres group head, global product management – commercial vehicle and off-highway tyre, to find out more.

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  1. Apollo Tyres opens €475 million greenfield Hungarian plant
  2. Tyre Equipment Company exhibiting at Commercial Vehicle Show
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  4. Bridgestone presents M-Series tyres and Tirematics at CV Show
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Design and architecture award for Apollo R&D centre

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A second design-related acknowledgement has been bestowed upon Apollo Tyres’ Global R&D Centre, Asia. The facility, which opened last November and is located just outside the Indian city of Chennai, has gained an NDTV Design & Architecture Award 2016 in the ‘Architecture Award, Office’ category.

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Apollo Tyres reports volume growth in Europe, India, says rubber prices a “challenge”

The Board of Directors of Apollo Tyres Ltd today approved the company’s unaudited results for the third quarter of the company’s 2016-17 financial year. Consolidated revenue in the three months to 31 December 2016 amounted to Rs 34.35 billion (£404.8 million), a year-on-year rise of 17 per cent, while operating rose slightly to Rs 5.37 billion (£63.3 million) and net profit increased by six per cent year-on-year to Rs 2.96 billion (£34.9 million). The tyre maker states that it witnessed good volume growth in both its Indian and European operations in the third quarter, led by the passenger car tyre segment.

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Related news:

  1. Apollo maintains profit margins despite Africa costs
  2. Apollo Tyres lifts profit margin to 18.7% in April-June quarter
  3. Apollo Tyres: Net profit down 16.1% in last quarter
  4. Apollo Tyres: Margins under pressure in July-September quarter
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Park Sam-koo, potential suitors ready for Kumho Tire bidding

A final round of bids for the 42.01 per cent controlling stake in Kumho Tire will be held on 12 January, and according to the Korea Development Bank and other creditors, a shortlist of five preferred bidders are in the running to acquire this share should chairman Park Sam-koo decline a prior offer to match the highest bid and purchase the 42.01 per cent stake himself. The five contenders are Apollo Tyres, Shanghai Aerospace Industry Corp. (SAIC), Jiangsu GPRO Group, Shandong Linglong Tire and Doublestar Tyre.

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  1. Preferred Kumho Tire bid to be chosen next week
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US presence makes Kumho acquisition highly attractive for Apollo Tyres

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Neeraj KanwarApollo Tyres

If at first you don’t succeed, try, try, try again. It is almost three years since Apollo Tyres Ltd’s planned takeover of Cooper Tire & Rubber fell apart, and now the company is in the running to acquire another top-15 global tyre maker. In an interview with Indian newspaper The Hindu, Apollo vice-chairman and managing director Neeraj Kanwar confirmed the submission of a non-binding bid to acquire Kumho Tire, however he also indicated that Apollo Tyres isn’t rushing into anything.

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  1. Apollo Tyres named as potential Kumho buyer
  2. Apollo Tyres buys Germany’s reifen.com
  3. Apollo’s acquisition of reifen.com a ‘sound strategic extension of the value chain’
  4. Park Sam-koo, potential suitors ready for Kumho Tire bidding
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Apollo Tyres opens second Global R&D Centre

Last week, Apollo Tyres formally inaugurated a second Global R&D Centre to complement its existing global research and development facility in the Netherlands, which opened in 2013. The new centre is located just outside the city of Chennai, in Southern India, and was inaugurated by company chairman Onkar S Kanwar and vice-chairman and managing director Neeraj Kanwar in the presence of members of the company’s Supervisory Board and Management Board on 9 November.

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  1. Apollo Tyres lays foundation stone for 7th factory
  2. Apollo Tyres: Onkar & Neeraj Kanwar take a pay cut
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  4. Apollo Tyres’ management takes coronavirus pay cut
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Apollo Tyres named as potential Kumho buyer

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According to The Economic Times, Apollo Tyres has shown interest in acquiring Kumho Tire. The Indian financial daily says Apollo is competing with Chinese firms Shandong Linglong Tire and ChemChina to acquire the South Korean tyre maker, a transaction said to be valued at US$900 million.

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  1. US presence makes Kumho acquisition highly attractive for Apollo Tyres
  2. Park Sam-koo, potential suitors ready for Kumho Tire bidding
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  4. Warburg Pincus investing £117 million in Apollo Tyres
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Apollo investing in India tyre factory

Apollo Tyres is reportedly investing in a new two wheel and light truck tyre factory in Andhra Pradesh. The news followed the publication of the company’s second quarter results.

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Apollo Tyres appoints Daniele Lorenzetti its new CTO

Former Pirelli research and development director Daniele Lorenzetti has assumed the role of chief technology officer at Apollo Tyres, and has also joined the tyre maker’s Management Board. He succeeds Dr Seshu Bhagavathula, who recently returned to the automotive sector after a two-year stint at Apollo Tyres to take up the position of chief technology officer at Ashok Leyland. Lorenzetti is based in the company’s European headquarters in Amsterdam, the Netherlands.

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  1. Apollo hires new Netherlands-based CTO
  2. Francesco Gori appointed as Apollo Tyres advisor for strategy
  3. Francesco Gori now an Apollo Tyres director
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Reports: Apollo planning to re-enter US market

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Apollo Tyres is planning to re-enter the US market, following the failed takeover of Cooper a few years ago and group brand Vredestein’s bid to enter the US when it was owned by now-defunct Russia firm Amtel a few years earlier.

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Apollo Tyres aiming for “dominance” in India’s TBR segment

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Despite being a latecomer to India’s truck and bus radial (TBR) tyre market, Apollo Tyres says it currently produces one in every four TBR tyres sold in the country. The tyre maker has now stated its intention to “move from leadership to dominance in the fast-growing TBR segment,” and aims to achieve this dominance through capacity increases scheduled to kick in before the end of this year and by introducing several new product lines.

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  1. Slight slowdown in India’s radialisation
  2. Apollo Tyres opens €475 million greenfield Hungarian plant
  3. JD Power survey confirms Apollo Tyres’ strength in India’s small car segment
  4. Apollo Tyres opens first truck tyre centre in Thailand
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Apollo Tyres expands Man Utd sponsorship into global agreement

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After three years of regional association with Manchester United Football Club, Apollo Tyres has extended its sponsorship agreement with the club for the next three years and has extended the scope of the deal to become the official ‘Global Tyre Partner’.

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Related news:

  1. Manchester United names Apollo official tyre in UK and India
  2. Apollo a Man U regional partner
  3. Apollo announces final Manchester United football challenge
  4. Next ‘Apollo Challenges’ Manchester United contest begins
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Hungary plant – Apollo Tyres anticipates €300M investment by end of fiscal year

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Apollo Tyres’ Enschede plant in the Netherlands has a 200 tonne per day capacity and currently operates at more than 90 per cent capacity utilisation, and to supplement output within the region the tyre maker is currently erecting a brand new factory in Hungary. During a conference call last week, Gaurav Kumar, chief financial officer at Apollo Tyres Ltd., confirmed that the company has planned a capital expenditure of €200 million for the project during the current financial year (1 April 2016 to 31 March 2017).

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Related news:

  1. Apollo Tyres: Netherlands car tyre production down, but not out
  2. Increasing ag focus: Apollo Vredestein reducing PCR production in Netherlands plant
  3. Aiming for market leadership: Apollo investing a further £610 million in India
  4. Apollo Tyres restarting production in Hungary & India
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Apollo Tyres opens Malaysian office

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Apollo Tyres Ltd has inaugurated a new office in the ASEAN region’s third largest automotive market. Satish Sharma, president of the tyre maker’s Asia Pacific, Middle East & Africa (APMEA region), inaugurated the company’s Malaysian office in the presence of select business partners and company officials.

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  1. Apollo Tyres becomes an Indian Super League official partner
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