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Apollo Official Quoted as Saying Gyöngyös Site Still an Option

Truth or fiction? Indian media outlet DNA has quoted an unnamed ‘senior’ Apollo Tyres official as saying the company has not put a stop to its planned Gyöngyös, Hungary. “The Hungarian plant is only delayed, not cancelled yet,” said the official. “We could go back to that plant.” The nameless Apollo official added the company was, however, simultaneously looking at other locations in Europe, just in case the Hungarian facility doesn’t materialise.

5th September 2008/by Tyrepress Editors

Hungarian City ‘Invites’ Apollo Factory Bid

The Hungarian city of Polgar, has reportedly invited a bid for Apollo Tyres to build a 200 million euro factory there after the Indian company withdrew its application to locate the project in Gyongyos (North Hungary) after delays in acquiring permits and a planned local referendum on the plant. “Located along motorway M3, Polgar and its industrial park would offer excellent basic infrastructure and a 50-hectare area to the project,” Polgar’s mayor told the media.

18th August 2008/by Tyrepress Editors

Apollo Discusses Wider Capacity Expansion Plans

Apollo Tyres has already discussed plans to increase capacity at its Gujarat and Kerala factories, and these projects are part of a wider plan to invest Rs 20 billion (£236.6 million) enhancing domestic and international production capacities. In addition to these expansions, the company will set up a new facility in Chennai.

According to Apollo Tyres chief of India Operations Satish Sharma, the company shall invest this sum over next three years, more than half of which, 200 million euros, would go towards its facility in Hungary. As part of the domestic capacity expansion, Apollo Tyre’s Vadodara plant will see its capacity of passenger car tyre go up from the existing 10,000 tyres a day to 15,000 tyres a day, by around mid-2009. The company will also enhance its truck and bus radial tyres capacity at Vadodara from the existing 300 tyres a day to around 1,100 tyres a day over the same timeframe.

27th May 2008/by Tyrepress Editors

Apollo In Discussions About New Hungary Factory

The local council of Gyöngyös in North-Eastern Hungary has been holding discussions with Apollo Tyres to establish a factory in the region. The go-ahead would depend on Apollo Tyres acquiring all of the necessary permits for the plant’s construction, said mayor Attila Végh said on May 13.

According to Hungary’s BBJ business weekly, the factory’s planned construction has met with opposition from locals who believe it will endanger the region’s winegrowers and fruit farmers.

14th May 2008/by Tyrepress Editors

Hankook to Double Capacity in Hungary

Hankook is reported to have plans for doubling capacity at its facility in Hungary. The BBJ, an English-language Hungarian business weekly, published comments made by Hankook Tire Magyarország PR manager Katalin Roy, who said that the tyremaker intends to boost daily capacity from 15,000 to 31,000 tyres by 2010.

The expansion will involve increasing the area of the Dunaújváros facility, south of Budapest, by 40 per cent, and 300 new staff will be employed. Hankook has already applied for the necessary environmental licenses for the expansion, said Roy. The cost of the investment was not disclosed, however at the time of the plant’s opening Hankook said it would spend 500 million euros in investments at the base by 2010. Work on expanding the plant will apparently begin this June and be completed within a year.

15th April 2008/by Tyrepress Editors

BorgWarner Expands in Hungary

Reducing fuel consumption and pollutant emissions plays a major role in the automotive industry. In response to these demands and to increasing European demand for turbochargers, BorgWarner Turbo & Emissions Systems has enlarged its facility in Oroszlány , Hungary.

Among the company and government officials attending the recent inauguration ceremony in the town (situated 80 km from Budapest) were Roger Wood, President and General Manager of BorgWarner Turbo & Emissions Systems, the American Ambassador April Foley, the State Secretary of the Ministry of Economy Géza Egyed and plant manager Kornél Schmidt. Thanks to rapid growth in the turbocharger industry and to the successful co-operation with numerous customers a new hall was built, covering an area of 4650 m2. The increased total space is now 13.500 m2 and 600 people are currently employed.

15th February 2008/by Tyrepress Editors

Continental to Build Hungary ESC Test Centre

International automotive supplier Continental AG has announced plans to invest 10 million euros in building a new proving ground for ABS and ESC development at its Veszprém, Hungary site. In addition, by 2011, the division will have created around 100 new jobs for skilled workers and engineers at the location.

The new proving grounds for ABS and ESC will comprise high-adhesion, low-adhesion and rough-road test facilities, as well as a specially designed vehicle dynamics facility for applications testing. Building work on the proving grounds is slated for completion by the beginning of 2009.

14th February 2008/by Tyrepress Editors

Continental Plans Hungarian Brake Testing Facility

Reports in the Hungarian press state that Continental is to invest “billions of Forints” in a new testing facility for electronic braking systems (EBS) and their components in Hungary, around 15 to 20 kilometres from the city of Veszprém. The exact location will be decided on later this month and the project will be completed by the end of the year, creating 30 new jobs.

4th January 2008/by Tyrepress Editors

Hankook’s New European Plant Up and Running

June 26 is to be a red-letter day in the history of Hankook in Europe, as this is the day the company has chosen to officially commence production at its new £340 million facility in Dunaujvaros, Hungary. The 54-hectare site south of the capital Budapest has been set up to manufacture UHP tyres for the European market, and when full production is reached in 2010 a total of 10 million tyres will be produced each year.

The new facility in Hungary will be instrumental in Hankook’s plans to increase its European market share to 8 per cent by 2010. At present 35 per cent of the company’s global export revenues are generated in Europe, Hankook’s largest export market.

25th June 2007/by Tyrepress Editors

Hankook Aiming for 100,000,000 Tyres a Year

With Hankook’s 105,000 square metre production facility in Hungary complete and ready to commence production, the Korean tyremaker is already looking ahead to the day when its global production will reach 100 million tyres a year.

8th March 2007/by Tyrepress Editors

Hankook Tire Appoints New Global CEO

Hankook Tire has announced the appointment of the company’s current President and COO of Hankook Tire Europe, Mr. Seung Hwa Suh, to the position of Global CEO. Mr. Suh, the person Hankook accredits as the driving force behind its new production facility in Hungary, officially took on his new role on March 5.

6th March 2007/by Tyrepress Editors

Hankook Tire to Spend £130 Million on New Factory

Hankook Tire Co., South Korea’s largest tiremaker, announced on February 23 its intention to spend 235 billion won (£130 million) building a new South Korean factory. The new tyre plant will be located at Geumsan, 198 kilometres south of Seoul, where the company has an existing plant with an annual capacity of 15 million units.

At present Hankook operates four tyre manufacturing facilities, two in South Korea and two in China. A fifth factory in Hungary is scheduled to enter production this spring.

23rd February 2007/by Tyrepress Editors

Hankook Reportedly Ahead of Schedule with Hungarian Plant

(Akron/Tire Review) South Korean tiremaker Hankook Ltd. said it may be able to complete the first phase of the construction of its new 92,000-square metre plant in Dunaújváros, Hungary, by the end of March. The majority of the workforce has already been hired, and training has begun, Hankook said.

25th January 2007/by Tyrepress Editors

Hungary Attracts International Tyre Companies

Hungary is one of the few Eastern European countries in which there is no traditional automobile industry. Among the few well-known companies the bus manufacturer Ikarus (one of Eastern European market leaders) is the most commonly known. Nevertheless since the early 1990s some Western manufacturers have installed production or assembly plants there, namely General Motors, Suzuki and Audi. (Audi Hungary Kft is actually the second biggest company in the Hugarian economy). These foreign investments were partly induced by tax exemptions and other incentives like tax-free import of parts, etc. Last year 136,130 cars were produced in Hungary and new car registrations almost reached 200,000 units. This is when Hungary becomes of interest to Western tyre manufacturers.

1st December 2006/by Tyrepress Editors

Goodyear Opens New DC For Central Europe

(Akron/Tire Review) Goodyear Dunlop has opened a new distribution centre in Senec, Slovakia, which will serve the central European region. Consequently, the company will close its current warehouses in the Czech Republic, Hungary and Slovakia, according to reports in the Prague daily Monitor.

5th May 2006/by Tyrepress Editors