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Apollo Vredestein plant restructuring: Dutch politicians seek answers from European Commission

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Some 750 jobs will be lost due to restructuring at the Apollo Vredestein tyre plant in Enschede, the Netherlands over the next couple of years, and Dutch politicians want to know if the European Union has contributed in any way to the chain of events that will lead to some of Enschede’s tyre production relocating to Hungary. MEPs from Dutch political party the CDA (Christian Democratic Appeal) have asked the European Commission to clarify certain points.

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  1. Apollo Tyres: Netherlands car tyre production down, but not out
  2. Increasing ag focus: Apollo Vredestein reducing PCR production in Netherlands plant
  3. 750 jobs to go at Apollo Vredestein’s Netherlands plant
  4. Apollo Tyres: Stable sales in Europe, but profits further in the red
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750 jobs to go at Apollo Vredestein’s Netherlands plant

A meeting between the management of Apollo Vredestein BV (AVBV) and employees took place today to discuss the future of the company’s tyre factory in Enschede, the Netherlands. The workforce was told that Apollo Tyres intends to “specialise” production at the site in order to ensure profitability. Measures related to this realignment include reducing AVBV’s personnel by approximately 750 full-time employees over a period of 24 months.

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  1. Apollo Vredestein plant restructuring: Dutch politicians seek answers from European Commission
  2. Apollo Tyres buys Germany’s reifen.com
  3. Apollo Tyres opens €475 million greenfield Hungarian plant
  4. Apollo Tyres: Netherlands car tyre production down, but not out
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Warburg Pincus investing £117 million in Apollo Tyres

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Private equity firm Warburg Pincus is investing around £117 million in Apollo Tyres via a subsidiary. On 26 February, the tyre maker’s Board of Directors approved the issue of up to 108 million compulsorily convertible preference shares, each with a face value of Rs 100, to Emerald Sage Investment Ltd. The transaction is subject to shareholder and regulatory approvals.

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  1. Warburg Pincus acquires first tranche of Apollo Tyres shares
  2. India’s competition authority approves Warburg Pincus’ investment in Apollo Tyres
  3. Apollo’s Onkar Kanwar receives Hungary’s ‘Order of Merit’
  4. Apollo Tyres’ management takes coronavirus pay cut
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Asia: Apollo expands SAARC region presence

Some 21 per cent of the world’s population live in countries belonging to the South Asian Association for Regional Cooperation (SAARC). Nepal is one of these eight countries, and this is the market where Apollo Tyres generates more than 35 per cent of its SAARC region export revenues. To better service customers there, the company has now set up an office in the capital, Kathmandu.

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  1. Apollo appoints J. Walter Thompson as global creative agency
  2. Hungary plant – Apollo Tyres anticipates €300M investment by end of fiscal year
  3. Warburg Pincus investing £117 million in Apollo Tyres
  4. Apollo Tyres approves £105 million NCB issue
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United We Play – Apollo Tyres & Man Utd promoting young football talent in India

Apollo Tyres has partnered with Manchester United F.C. for more than seven years, and an important aspect of this engagement has been the nurturing of young football talent. The latest programme has now been launched in India and involves the Manchester United U-18 team, which in May will visit the country for the first time.

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  1. Apollo Tyres now partnering with Manchester United in 129 countries
  2. Tyres in football: 2015/16 season heralds expanded deals with biggest clubs
  3. Apollo becomes Official Tyre Partner of Crystal Palace FC
  4. Apollo a Man U regional partner
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Apollo Tyres partners with truck manufacturer for India healthcare initiative

Under a new partnership with commercial vehicle manufacturer Ashok Leyland, Apollo Tyres will provide healthcare facilities to truckers at a major transport hub in southern India. The tyre maker describes this collaboration as “a unique, first of its kind partnership.”

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  1. Apollo Tyres expanding Chennai TBR capacity over next 12 months
  2. Aiming for market leadership: Apollo investing a further £610 million in India
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  4. Apollo aims for leadership in Indian two-wheel tyre market, Europe next
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Auto Bild Allrad: ‘top-class’ performance from Apollo in winter tyre test

The team at Auto Bild Allrad faced a problem when it came to performing their annual winter tyre test – they couldn’t find enough snow. To get around this shortcoming, the testers travelled to Japan with their equipment and ten brands of European market winter tyres. They also took a set of summer tyres with them for comparison and to serve as a warning to anyone tempted to drive on them in the snow and ice.

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  1. Apollo comments on Alnac 4G All Season Auto Bild tyre test result
  2. 19 finalists chosen for 2015 AutoBild winter tyre test
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  4. Apollo Tyres expands winter range with Aspire XP Winter
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Apollo Tyres: Netherlands car tyre production down, but not out

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Passenger car tyre production and capacity at Apollo Tyres’ Gyöngyöshalász plant in Hungary has steadily grown over the past two years. These respectively reached 2.1 million and almost 3 million units a year by the end of March 2019, and Apollo is still ramping up in Hungary. It’s a different story in Enschede, some 700 miles to the west, but Apollo Tyres says it isn’t preparing to end car tyre production in the Netherlands any time soon.

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Related news:

  1. Increasing ag focus: Apollo Vredestein reducing PCR production in Netherlands plant
  2. Apollo Vredestein plant restructuring: Dutch politicians seek answers from European Commission
  3. Apollo Vredestein ‘scaling back’ European production
  4. Apollo Tyres: Stable sales in Europe, but profits further in the red
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Vredestein campaign to encourage all-season tyre use

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Apollo Vredestein has launched a consumer-focused campaign in the UK to promote the use of all-season tyres: Until 30 September 2019, all purchases of four Vredestein Quatrac all-season tyres at participating dealers qualify for a free Google Home Mini or Amazon Echo Dot.

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  1. Vredestein summer, all-season tyres OE on VW Touareg
  2. Treadsetters to distribute Apollo TBR tyres in UK
  3. Apollo’s truck tyre ambitions buoyed by new UK appointments
  4. Apollo Vredestein wins emergency services tyre supply contracts
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Apollo Vredestein wins emergency services tyre supply contracts

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Apollo Vredestein has been selected as tyre supplier for Lowland Rescue and Kent Central Ambulance services. The services join Medi 4 Ambulance Service in using the manufacturer’s products on their fleets.

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  1. Apollo Vredestein named Medi 4 tyre supplier
  2. Van Fleet World presents Innovation Award to Michelin CrossClimate
  3. Michelin CrossClimate ‘exceeds all expectations’ at British Gas
  4. X One Wholesale fleet to run on Yokohama winter van tyre
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Matos to lead Apollo Vredestein’s OE strategy in Europe

In addition to his existing remit as chief quality & business excellence officer, Pedro Matos has now taken on the added responsibility of leading Apollo Tyres’ original equipment strategy and sales for passenger car tyres in Europe.

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  1. Vredestein motorcycle tyre range coming in 2019
  2. Apollo Vredestein plant restructuring: Dutch politicians seek answers from European Commission
  3. Increasing ag focus: Apollo Vredestein reducing PCR production in Netherlands plant
  4. Warburg Pincus investing £117 million in Apollo Tyres
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Significant recommendations for Apollo Vredestein in ADAC tyre test

Two Apollo Vredestein tyres have been given strong plaudits after earning recommendations from the German-speaking motoring associations and testing organisation ADAC. Looking at commercial van tyres for the first time, the Apollo Altrust van tyre took first position out of 16 models tested, while Vredestein, a relative veteran of such tests compared to its sister brand, was only bested by Bridgestone’s Turanza T005, taking second place on the car tyre podium with its Sportrac 5.

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  1. Vredestein eyeing UK fleet market
  2. Vredestein motorcycle tyre range coming in 2019
  3. Apollo Vredestein wins emergency services tyre supply contracts
  4. Apollo Vredestein ‘scaling back’ European production
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Eavesway Travel fits Apollo Tyres’ Endurace range to executive coach fleet

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UK-based Eavesway Travel has specified Apollo Tyres’ Endurace range as fitment on 30 executive coaches in operation on the company’s Eavesway Cruiselink operation. With decades of experience in catering for cruise passengers, Eavesway Travel’s premier coach service offers transport to the main cruise providers from major towns and cities across the UK.

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  2. GoBus.ie coach runs more than half a million kilometres on Michelin tyres
  3. Bandvulc Group wins John Lewis Partnership fleet management contract
  4. Apollo Vredestein wins emergency services tyre supply contracts
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Apollo Tyres partners with Indian cricketing great

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Extending its sports sponsorship engagement beyond football, Apollo Tyres has entered into a five-year agreement with former Indian international cricketer and team captain Sachin Tendulkar. This is the first time an individual celebrity has served as Apollo brand ambassador.

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Related news:

  1. Apollo Tyres opens €475 million greenfield Hungarian plant
  2. Manchester United names Apollo official tyre in UK and India
  3. Aiming for market leadership: Apollo investing a further £610 million in India
  4. Apollo Tyres suspends production at four plants in India
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Apollo Tyres’ Onkar Kanwar receives Japanese Imperial honour

In its 2018 Autumn Imperial Decorations, the Government of Japan has conferred upon Onkar S Kanwar the Order of the Rising Sun, Gold and Silver Star. The chairman of Apollo Tyres Ltd. received this recognition for his contributions towards strengthening the economic relations between Japan and India, and for promoting Japanese company’s entry into the Indian market.

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Related news:

  1. Apollo’s Onkar Kanwar receives Hungary’s ‘Order of Merit’
  2. Warburg Pincus investing £117 million in Apollo Tyres
  3. Apollo Tyres’ management takes coronavirus pay cut
  4. Apollo Tyres looking for ‘healthy topline growth’ after 22% sales increase in FY 2017-18
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