Autonavigator ranks Davanti DX390 tyres fifth
Hungarian automotive website Autonavigator.hu has ranked Davanti’s DX390 car tyre fifth in its Summer 2019 tyre test.
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SK Innovation investing 1 trillion won in Hungary car battery factory
SK Innovation reports that it is planning to invest just under 1 trillion won (a little less than US$1 billion) in its second car battery plant, this time in Hungary. The company has selected Komaron City in northern Hungary for the investment of 945.2 billion won.
Hankook strike in Hungary ends
The strike at Hankook Tire’s plant in Hungary is over. The tyre maker reports reaching an agreement with trade union VDSZ last week. Hankook will provide workers financial incentives to perform shift work as well as offer bonuses for long service and achieving set goals.
Hankook Tire: Operations in Hungary continuing despite strike
Yesterday the Federation of Chemical Workers of Hungary (VDSZ) announced the start of an indefinite strike at the Hankook Tire factory in Rácalmás, Hungary. With this measure, the trade union is placing pressure upon the tyre maker to modify the terms of the wage increase it announced for 2019. What then is Hankook Tire offering plant workers, and why doesn’t the VDSZ like it?
Hankook: Union calls for indefinite strike in Hungary tyre plant
As reported yesterday, wage negotiations between management at Hankook Tire’s factory in Rácalmás, Hungary and the union representing plant workers have reached a stalemate. Today, the Federation of Chemical Workers of Hungary (VDSZ) announced the start of an indefinite strike at the factory.
Further strike action expected at Hankook Tire plant in Hungary
The trade union representing workers at Hankook Tire’s factory in Hungary warns further strikes will take place unless pay rise demands are met. In a statement, the Federation of Chemical Workers of Hungary (VDSZ) warns that strikes could occur as soon as today.
Vredestein ‘celebrates farming life’ in promotional video for agricultural tyres
Vredestein has produced a promotional video focused on the role of farmers, their connection to the soil, and the hard work they do every day. Made by award-winning Amsterdam-based studio Sounds Like Film and the result of nine months of filming, the video is part of Vredestein’s Live the Land campaign for its agricultural tyre portfolio.
Apollo’s Onkar Kanwar receives Hungary’s ‘Order of Merit’
Hungary has bestowed the Officers Cross (Civilian Division) of the ‘Order of Merit’ upon Onkar S Kanwar, chairman of Apollo Tyres Ltd. This award was conferred in recognition of Kanwar’s work towards strengthening Hungarian-Indian economic relations through the company’s investment in Hungary.
First truck tyres shipped from Apollo Tyres’ Hungary plant
Production of truck tyres for the European market has commenced at the Apollo Tyres plant in Gyöngyöshalász, Hungary. The tyre maker shares that the first examples of these tyres, Apollo EnduRace RT HD trailer tyres in size 385/65 R22.5, have been shipped to a transport company in Belgium. British customers will receive their Apollo tyres through Treadsetters, who earlier this year was chosen to sell and distribute the Apollo truck and bus tyre range across England, Scotland and Wales.
Bridgestone’s Hungary plant to gain new 10,000m² warehouse
Bridgestone intends to invest a further HUF 9.2 billion (£25.3 million) in its Tatabánya tyre factory in Hungary. According to information published by Hungary’s Ministry of Foreign Affairs and Trade, the investment will cover the construction of a 10,000 square metre warehouse and also facilitate an expansion of production capacity, as announced last year, to 7.2 million tyres per annum by 2020. Hungary’s government will contribute HUF 826 million (£2.3 million) towards the project.
Increasing ag focus: Apollo Vredestein reducing PCR production in Netherlands plant
During a conference call held this month, the chief financial officer of Apollo Tyres Ltd. confirmed that passenger car tyre production at the Apollo Vredestein plant in Enschede, the Netherlands would be reduced as capacity for these products grows in the company’s new, more cost-competitive facility in Gyöngyöshalász, Hungary. However, this trend shouldn’t be seen as a transfer of capacity, as the plan for Enschede going forwards is for its continued utilisation, with greater emphasis placed upon other segments.
Apollo Tyres signs three-year sponsorship deal Hungarian football team DVTK
Deepening it’s connect further with Hungary, Apollo Tyres has partnered with DVTK – a local top flight football and sports club. Apollo is now looking at leveraging DVTK’s “passionate and massive fan base” to raise awareness of its brand among potential customers, business partners and consumer audiences in Hungary.
Hankook adding truck tyre production to European plant
With an investment of approximately 290 million euros, Hankook Tire is adding a truck tyre production unit to its factory in Rácalmás, Hungary. Work on this expansion project – the fourth since the plant opened in 2007 – will begin in June, with production expected to commence in June 2020. The truck tyre production unit will have the capacity to make 550,000 tyres a year, and its opening will create around 150 new jobs.
Apollo Tyres aiming for 20/80 OEM-replacement mix in Europe
Following the start of production at its Gyöngyöshalász plant in Hungary last quarter, Apollo Tyres is on its way to almost doubling European passenger car tyre production capacity over the coming year and a half. Speaking with analysts and investors last week after the release of Apollo’s FY2018 financial results, chief financial officer Gaurav Kumar confirmed that the facility in Hungary is expected to reach a daily capacity of 16,000 car tyres by the second half of FY2019 – in other words, sometime between September next year and the end of March 2019. This will give Apollo Tyres a total daily capacity of up to 35,000 passenger car tyres at its two European plants – and more than a third of output in Gyöngyöshalász may be earmarked for OEM customers.
Kwik Fit opens 10th branch in Hungary
Kwik Fit has begun automotive repairs and servicing at its 10th location in Hungary, with the addition of a new centre in Kecskemét.
The opening ceremony for the centre was performed by Olympic medal winning wrestler Norbert Növényi and István Bogasov, Kecskemét city councillor, who joined centre owner Gyorgy Meszaros to mark the start of operations. Gyorgy Meszaros is running the Kecskemét centre under a franchise agreement with Kwik Fit Hungary. Meszaros has operated a car dealership on the site since 2003 and saw a Kwik Fit franchise as a way to offer customers a full range of automotive maintenance and repair services under an internationally respected brand.
