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Francesco Gori now an Apollo Tyres director

At its Board of Directors meeting on 9 February, Apollo Tyres Ltd confirmed the appointment of Francesco Gori as an additional, non-independent company director. Mr Gori, who served as chief executive officer of Pirelli Tyre between 2006 and 2012, joined Apollo Tyres as advisor for strategy in October 2015. Vinod Rai, the former comptroller and auditor general of India, was also appointed an additional, independent director of Apollo Tyres during the meeting, and approval was given for a change in Robert Steinmetz’s directorship status.

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  1. Francesco Gori appointed as Apollo Tyres advisor for strategy
  2. Francesco Gori appointed non-exec chairman of Benetton
  3. Apollo Tyres appoints Daniele Lorenzetti its new CTO
  4. Apollo Tyres’ management takes coronavirus pay cut
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Apollo sites first Indian ‘Go The Distance’ pitch in Mumbai

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The establishment of dual-branded Apollo Manchester United ‘Go The Distance’ community pitches was said to be a key part of Apollo’s Man U sponsorship when it began back in August 2013. The first such pitch was officially opened a year after the relationship began just outside the h

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  1. Tyres in football: 2015/16 season heralds expanded deals with biggest clubs
  2. Apollo Tyres extends Manchester United partnership to 69 countries
  3. Apollo Tyres expands Man Utd sponsorship into global agreement
  4. Apollo a Man U regional partner
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CRISIL upgrades Apollo Tyre’s long-term rating

Apollo Tyres Ltd reports that Standard & Poor’s company CRISIL has upgraded its long-term rating on the Bank facilities and other debt programmes of the Company from “CRISIL AA/Positive” to “CRISIL AA+/Stable” and reaffirmed its short-term rating as “CRISIL A1+”.

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Related news:

  1. Apollo and Cooper – is this the start of the expected wave of consolidation?
  2. Apollo Tyres now partnering with Manchester United in 129 countries
  3. Apollo Tyres buys Germany’s reifen.com
  4. Apollo sites first Indian ‘Go The Distance’ pitch in Mumbai
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Floods affecting Apollo Chennai tyre factory

Apollo Tyres Ltd has confirmed that tyre production at its Oragadam, near Chennai factory has been disrupted by heavy rain and flooding in the area.

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Related news:

  1. Vredestein Enschede: Company and employees fail to reach agreement
  2. SEC charges another Cooper/Apollo insider trader
  3. Apollo Tyres suspends production at four plants in India
  4. Tatneft invests in Kazakhstan tyre factory joint venture
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Apollo’s acquisition of reifen.com a ‘sound strategic extension of the value chain’

Apollo Tyres’ takeover of reifencom GmbH, operator of e-commerce sites in six European countries, has been described as part of the company’s strategy to expand its retail network in the European market. Apollo said its takeover will allow it to support the expansion activities of its subsidiary Apollo Vredestein, which include major investments in the European premium brand Vredestein. The company stated that it has major plans for growth via an expansion of its original equipment activities – the groundwork for which is being laid via the current construction of a new plant in Hungary.

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Related news:

  1. Apollo Tyres buys Germany’s reifen.com
  2. Apollo Tyres opens €475 million greenfield Hungarian plant
  3. Maloya returns – but only in Germany for now
  4. Ex-Continental man to head Apollo Tyres’ European & American operations
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SEC charges another Cooper/Apollo insider trader

In April 2015 the United States Securities and Exchange Commission (SEC) charged two men, long-time friends Amit Kanodia and Iftikar Ahmed, after the pair illegally profited from inside information related to Apollo Tyres’ plan to acquire Cooper Tire & Rubber in 2013. Kanodia, whose wife held the post of general counsel at Apollo Tyres prior to the deal’s announcement and was privy to highly confidential information, also shared details with others. A further ‘close friend’, Steven C. Watson, is now the subject of a further case being pursued by the SEC. The US federal agency submitted its case against Watson to the United States District Court in the District of Massachusetts on 17 November.

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Related news:

  1. Friends charged with insider trading on Apollo/Cooper deal
  2. Prison sentence for Apollo/Cooper insider trading
  3. Apollo and Cooper – is this the start of the expected wave of consolidation?
  4. Reports: Cooper Chengshan strike over Apollo acquisition
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Apollo Tyres buys Germany’s reifen.com

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Apollo Tyres Ltd has announced its acquisition of tyre wholesaler and online retailer Reifen.com GmbH. The German company changed hands for €45.6 million and, according to Neeraj Kanwar, vice-chairman and managing director of Apollo Tyres, the purchase of Reifen.com represents a “strategic fit in further growing our European business.

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Related news:

  1. Apollo’s acquisition of reifen.com a ‘sound strategic extension of the value chain’
  2. Apollo Tyres opens €475 million greenfield Hungarian plant
  3. Francesco Gori appointed as Apollo Tyres advisor for strategy
  4. Leading marques considering Apollo as an OE supply partner
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3 tyres rated ‘exemplary’ in Auto Bild’s winter tyre test

Having reduced a field of 51 to 19, Auto Bild announced that three of the winter tyres tested had made it all the way to the top of the German magazine’s rankings, picking up “exemplary” ratings. Continental’s WinterContact TS 850, Pirelli’s Winter Snowcontrol Serie 3, and the Barum Polaris 3 were the best performers, according to Auto Bild’s testers, who ranked the tyres based on their performance on snowy, wet and dry roads and their cost. The tests were performed on a VW Polo, with the tyres sized 185/60R15 T.

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  1. 19 finalists chosen for 2015 AutoBild winter tyre test
  2. Michelin the number one consumer researched tyre brand: Tyre Reviews
  3. Conti seals hat-trick in Auto Express winter tyre test reflecting British climate
  4. Bridgestone’s Blizzak LM005 wins Auto Express winter tyre test
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Francesco Gori appointed as Apollo Tyres advisor for strategy

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Apollo Tyres has appointed former Pirelli CEO Francesco Gori as its new advisor for strategy. Part of Apollo Tyres’ management board, Gori will support the company in its goal of international growth, identification and development of new opportunities.

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Related news:

  1. Apollo Tyres buys Germany’s reifen.com
  2. Apollo Tyres opens €475 million greenfield Hungarian plant
  3. Francesco Gori now an Apollo Tyres director
  4. Top tyre manufacturers deny involvement in tyre test manipulation
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Apollo aiming for Jordan market share

Apollo recently opened two Apollo Zone branded retail outlets- in Amman, Jordan. While one of the Apollo Zones was inaugurated by HE Anil Trigunayat, Ambassador of India to Jordan, the other one was inaugurated by Sujay Srivastava, head, Apollo Tyres Middle East and the Proprietor, The Ideal for Import and Export, Wael Qawasmi.

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  1. Australia’s JAXQuickfit Tyres Celebrating 60th Anniversary in 2009
  2. Westlake start business in Malaysia
  3. Apollo Tyres opens first truck tyre centre in Thailand
  4. Apollo Tyres takes first step to resuming production in India
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Unconditional warranty to drive Apollo’s “high double-digit growth” in Thailand

The Apollo tyre brand currently holds an approximate five per cent share in Thailand’s passenger car radial replacement market (excluding the one-ton pickup segment), but Apollo Tyres Thailand is expecting “high double-digit growth” going forward. To facilitate further sales, the company now offers a two year unconditional warranty on its entire passenger car tyre range sold in Thailand.

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  1. Apollo Tyres opens first truck tyre centre in Thailand
  2. Vee Tyre light truck tyres recalled in the US
  3. Deestone to keep its name despite Bridgestone brand dispute
  4. Carbon Black 2019 held in Thailand
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19 finalists chosen for 2015 AutoBild winter tyre test

In its annual winter tyre performance survey, German motoring publication AutoBild narrows a wide field of 49 winter tyres and two all-season tyres with wet and snow braking measurements before conducting a full test of a range of characteristics. 19 tyres made it through to the 2015/16 season test, conducted using the tyre size 185/60 R15.

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Related news:

  1. 3 tyres rated ‘exemplary’ in Auto Bild’s winter tyre test
  2. Michelin the number one consumer researched tyre brand: Tyre Reviews
  3. Ten performance tyres tested
  4. Bridgestone’s Blizzak LM005 wins Auto Express winter tyre test
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Apollo Tyres awarded at the Asian CSR Awards 2015

At an award ceremony held recently in Bangkok, Thailand, the Asian Forum on Corporate Social Responsibility (CSR) announced Apollo Tyres as the winner of the ASIAN CSR Awards 2015 under the Health Enhancement category. Apollo Tyres was chosen as the category winner from 134 entries from 12 Asian countries. Thailand’s former deputy prime minister, M R Pridiyathorn Devakula, presented the award to Sunam Sarkar, president and chief business officer at Apollo Tyres Ltd.

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Related news:

  1. Apollo’s Onkar Kanwar receives Hungary’s ‘Order of Merit’
  2. Apollo Tyres partners with truck manufacturer for India healthcare initiative
  3. Apollo sites first Indian ‘Go The Distance’ pitch in Mumbai
  4. United We Play – Apollo Tyres & Man Utd promoting young football talent in India
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Tyres in football: 2015/16 season heralds expanded deals with biggest clubs

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Coinciding with the start of the 2015/16 European football season, various tyre manufacturers have continued the step up in sponsorship involvement with some of Europe’s biggest clubs. Continuing the trend Tyres & Accessories observed last year, bigger, broader deals are expanding tyres’ role in football, and increasing the prominence of brands outside the traditional premium names.

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If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

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  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

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Related news:

  1. 19 finalists chosen for 2015 AutoBild winter tyre test
  2. Giti enters the top 10 of leading tyre manufacturers
  3. Yokohama’s Chelsea shirt deal worth up to £200 million
  4. Top tyre manufacturers deny involvement in tyre test manipulation
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Apollo comments following financing deal for Hungary Greenfield plant

Apollo secured 300 million euros financing for its Greenfield plant in Hungary, on which construction started in April 2015, bringing total investment to 475 million euros. The first product is expected to roll out in early 2017 and the facility will create approximately 1,000 jobs in the country. Commenting on the closure of the financing, K. Prabhakar, managing director of Apollo Tyres, Hungary said, “We thank our consortium partners who provided appropriate solutions to the specific financing needs for the project and facilitated a smooth execution.”

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Related news:

  1. Apollo Tyres launches 2015 Hungary recruitment drive for ‘100s of technicians’
  2. Financing secured for Apollo Tyres’ Hungary plant
  3. Apollo Tyres opens €475 million greenfield Hungarian plant
  4. Apollo Tyres restarting production in Hungary & India
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