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Apollo Tyres lays foundation stone for 7th factory

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After opening its new European factory last year, Apollo Tyres is now focusing on expanding its manufacturing footprint at home. A ceremony was held today to lay the foundation stone of the tyre maker’s fifth plant in India and seventh facility worldwide. The new factory is located in Chinnapanduru, Andhra Pradesh state, and is expected to enter operation in mid-2020. Apollo Tyres is investing close to Rs 18 billion (£209.4 million) in the first phase of the new plant project.

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  1. Apollo Tyres opens €475 million greenfield Hungarian plant
  2. Apollo Tyres: Onkar & Neeraj Kanwar take a pay cut
  3. Apollo Tyres’ management takes coronavirus pay cut
  4. Apollo Tyres annual net profit up 12 per cent, but European sales slide
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Mike Welch launches new property investment fund

Full Circle Partners, the investment advisory firm co-founded by Blackcircles.com founder Mike Welch has launched a new property fund. FCP Property Development Fund will provide loans ranging from £250,000 to £2.5 million. It has reportedly already invested approximately £6 million and could raise that to £20 million in the next year or so.

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  1. Blackcircles.com achieves one of highest Net Promoter Scores of 2014
  2. Blackcircles on expansion, investment and going international
  3. Michelin to capitalise on Blackcircles.com, ATS Euromaster ‘synergies’
  4. Tirescanner reports 400% sales growth in first quarter
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Points S opens first branches in India

Following the news that Point S was expanding into India at the beginning of the year, Point S has opened its first branded locations in Ludhiana, Punjab (North) and Kochi, Kerala (South).

In India the Point S concept is implemented through master franchise agreements with three regional partners who cover five of the most dynamic states: Deviate Enterprises for the Nation Capital Territory of Delhi and Punjab; GIAAN International for Maharashtra and Goa; and Tyrekada for Kerala.

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  1. Point S hints at Indian market involvement
  2. Point S and Siligom create 650 centre strong tyre retail group in France
  3. TVS Srichakra to up tyre output by 200,000 units
  4. £200 million acquisition expands Continental’s tyre sales network in Australia
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Apollo Tyres becomes an Indian Super League official partner

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Apollo Tyres has caught football fever in India – within the last month it has announced sponsorship deals with two clubs, Chennaiyin FC and Minerva Punjab FC, and now the tyre maker has become an official partner of the Indian Super League (ISL) for the current season. Its support of the ten-club championship will be manifest in campaigns planned for cities where matches are scheduled to take place during the remaining three months of the current season.

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Related news:

  1. Apollo Tyres: Second Indian football sponsorship
  2. Playing at home: Apollo Tyres sponsoring Chennaiyin FC
  3. Apollo Tyres expands Man Utd sponsorship into global agreement
  4. Apollo Tyres aiming for “dominance” in India’s TBR segment
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MRF Tyres adopts 42Gears retail tablet suit

MRF Tyres has selected 42Gears EMM Solution to provide secure access to MRF product application on the tablets in the exclusive stores. 42Gears solution allows MRF to remotely manage the MRF application and push app updates. Further, the digital signage solution enhances customer engagement by turning the Lenovo tabs into kiosks during idle time.

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  1. India’s Tata Looks at Jaguar, Land Rover
  2. Bridgestone advocates for open participation in e-jobsheet
  3. MRF exhibiting at Tyre & Rubber Indonesia 2017
  4. Autodata showcasing bulb and motocycle developments at Equip Auto 2019
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Apollo Tyres: Second Indian football sponsorship

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Days after announcing its sponsorship of Chennai-based club Chennaiyin FC, Apollo Tyres has shared details of a new agreement with Minerva Punjab FC (MPFC). Under a five-year contract, the tyre maker will act as title sponsor to the Mohali-based club. MPFC plays in the Hero I-League, which along with the Indian Super League is one of two premier football leagues in the country.

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Related news:

  1. Apollo Tyres becomes an Indian Super League official partner
  2. Playing at home: Apollo Tyres sponsoring Chennaiyin FC
  3. Apollo a Man U regional partner
  4. Apollo Tyres aiming for “dominance” in India’s TBR segment
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BKT opens India R&D centre

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When Tyrepress.com visited BKT’s new factory in Bhuj, India late in 2015, work had begun on a new research and development centre. The off-road tyre maker reports that this facility is now complete, and it recently inaugurated the ‘Suresh Poddar Innovation Hub’. The centre is named after the oldest of the three Poddar brothers. It is located within a 25-acre area called the Mahabirprasad Poddar Knowledge Center, named after BKT founder, the late Mahabirprasad Poddar.

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  1. Early 2016 opening for BKT R&D centre
  2. BKT preparing for 51-inch giant tyre production at $500 million plant
  3. EATD to distribute Mahansaria off-highway tyres in 8 European markets
  4. BKT sponsoring Australian cricket league
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Apollo Tyres & research partner obtain ENR patent

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A patent has been granted in India for a special grade of epoxidised natural rubber (ENR) jointly developed by the research and development team at Apollo Tyres and the Rubber Research Institute of India. The tyre rubber compound was granted patent no. 287630 by the Government of India’s Patent Office on 21 September.

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Related news:

  1. Tyre Prices to Go Up: O S Kanwar
  2. Rubber Prices May Force Production Cuts in India
  3. Indian trucking organisation threatens Apollo boycott
  4. 5.3% growth for India’s tyre industry in previous financial year
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Ceat acquires land for new tyre plant

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India’s Ceat Ltd. has acquired 163 acres (66 hectares) of land in Chennai for building a new factory. The deal was concluded by JLL India, the country’s largest real estate consultancy, who also negotiated associated incentives with the government of Tamil Nadu state.

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  1. Ceat lays foundation stone for new tyre factory
  2. Ceat commissions Buti Bori plant
  3. Ceat signs India factory MoU
  4. Ceat begins production at newest plant
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Michelin doubling truck tyre production capacity in India

Capacity at Michelin’s factory in Chennai, India will more than double to 30,000 tonnes a year by the end of 2018. Work has already begun on increasing truck tyre capacity at the Thervoy Kandigai plant, which currently makes 70 per cent of the commercial tyres Michelin sells in India, and the intention is for the plant to meet all Indian market demand for these products with tyres within two years. This expansion will be accompanied by an increase in the plant’s workforce from around 850 to approximately 1,000.

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  1. JK Tyre: Into Europe with Self-Confidence
  2. Al-Saeedi considering expansion in India and Africa
  3. Selleck assumes Michelin North America leadership
  4. Michelin Q1 sales down 8.1%
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India introduces Chinese anti-dumping tariffs

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India’s Ministry of Finance has imposed an anti-dumping duty on truck and bus radial (TBR) tyres imported from China. The duty ranges from $245.35 – $452.33 per ton, according to a notification from the Central Board Excise and Customs (CBEC), and has been applied to “new pneumatic radial tyres with or without tubes and/or flap of rubber (including tubeless tyres) having nominal rim diameter code above 16 (inch)”.

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  1. Chinese officials welcome US duty decision
  2. EU begins registering Chinese truck tyre imports
  3. EU publishes definitive anti-subsidy and updated anti-dumping rates
  4. India considering anti-dumping duties for Chinese truck tyres
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MRF launches Perfinza luxury tyre range

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MRF has launched the Perfinza range of tyres. According to the company, the new tyres have been developed to focus on ride comfort. To this end they are aimed at luxury and premium segment cars and are currently available for over 60 models on sale in India. Autocar India reports that the range retails via “all MRF exclusive outlets across the country and will be released for export markets later”.

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Related news:

  1. Indian tyre market turned over £3.8b last year, states MRF
  2. Research: Indian replacement tyre market to surpass 305 billion rupees 2014
  3. Growth to 10% expected for India’s tyre industry in 2012-13
  4. Apollo launches 100,000km tyre for Indian market
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BKT: Bhuj carbon black plant to ‘better ensure raw material qualities’

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Eight hectares have been set aside at the Balkrishna Industries Limited (BKT) production site in Bhuj, India for the construction of a new carbon black plant. Last month the tyre maker’s Board of Directors approved an initial investment of Rs 1.5 billion (£18.1 million) for this project to add backward integration to BKT’s supply chain, and the company says the plant will not only provide a constant supply of raw materials for its tyre production, the carbon black produced in Bhuj will enable it to “better ensure raw material qualities thanks to the now even more accurate controls at the beginning of the entire manufacturing process.”

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Related news:

  1. Balkrishna to build carbon black plant
  2. BKT preparing for 51-inch giant tyre production at $500 million plant
  3. BKT carbon black plant to achieve 100% capacity by 2021
  4. Phase 2 trial production starts at BKT’s carbon black plant
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TVS Srichakra names new CFO

According to a statement issued by TVS Srichakra, Mr K V Ganesh has been appointed the company’s new chief financial officer, effective 12 August 2017. Ganesh replaces K P Rangaraj, who left the tyre maker on 24 July.

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  1. Rangaraj new CFO at TVS Srichakra
  2. Falcon vs. Dragon: Indian Court Throws out TVS Plea
  3. Michelin, TVS Srichakra setting up motorcycle, scooter tyre production unit in India
  4. Lockdown stops tyre production in India
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