Foundation Stone Laid for New Apollo OTR Plant
Yet another new chapter in the history of Apollo Tyre’s impressive growth was written on February 25 at a foundation stone laying ceremony for the company’s new OTR tyre production facility. The construction of this new plant marks Apollo’s entry into the OTR tyre segment. Presiding over the auspicious occasion at Limda, in India’s Gujarat state, was company chairman and managing director Onkar S Kanwar.
The OTR facility will be ready for production within the next 15 months and will have an initial capacity of 10 tonnes per day, to be increased to 60 tonnes a day over a three-year period. Sizes produced at the Limda plant will start at 25-inch and diameters up to 57-inch are planned. The first phase of development will require an investment of about Rs 1 billion (£12.7 million), and this money will go towards establishing facilities primarily for the production of cross-ply OTR tyres. Additional investments will be made for radial production.