You are here: / Neeraj Kanwar

Posts

Apollo Tyres opens €475 million greenfield Hungarian plant

, ,

The opening of Apollo Tyres’ Gyöngyöshalász plant, 100km east of Budapest, marks a significant event for both the company’s global aspirations and the Indian tyre industry – the 72 hectare greenfield factory, begun in April 2015, is the first inaugurated by an Indian tyre company to come online outside the domestic market. The importance was reflected in the event itself, with some of the plant’s cavernous warehousing housing around 1,300 guests, among whose number was the prime minister of Hungary, Viktor Orban, who declared Apollo’s sixth global tyre manufacturing plant – its second in Europe after the existing Netherlands facility acquired alongside Vredestein – open on 7 April.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Hungary confirmed for first Apollo greenfield factory outside India
  2. Apollo Tyres buys Germany’s reifen.com
  3. Chinese Manufacturers Focus on OTR Tyres
  4. Cutting ‘bad’ costs, working smarter – Apollo MD Neeraj Kanwar answers T&A’s questions
/by

US presence makes Kumho acquisition highly attractive for Apollo Tyres

,
Neeraj KanwarApollo Tyres

If at first you don’t succeed, try, try, try again. It is almost three years since Apollo Tyres Ltd’s planned takeover of Cooper Tire & Rubber fell apart, and now the company is in the running to acquire another top-15 global tyre maker. In an interview with Indian newspaper The Hindu, Apollo vice-chairman and managing director Neeraj Kanwar confirmed the submission of a non-binding bid to acquire Kumho Tire, however he also indicated that Apollo Tyres isn’t rushing into anything.

Read more

Related news:

  1. Apollo Tyres named as potential Kumho buyer
  2. Apollo Tyres buys Germany’s reifen.com
  3. Apollo’s acquisition of reifen.com a ‘sound strategic extension of the value chain’
  4. Park Sam-koo, potential suitors ready for Kumho Tire bidding
/by

Apollo Tyres opens second Global R&D Centre

Last week, Apollo Tyres formally inaugurated a second Global R&D Centre to complement its existing global research and development facility in the Netherlands, which opened in 2013. The new centre is located just outside the city of Chennai, in Southern India, and was inaugurated by company chairman Onkar S Kanwar and vice-chairman and managing director Neeraj Kanwar in the presence of members of the company’s Supervisory Board and Management Board on 9 November.

Read more

Related news:

  1. Apollo Tyres lays foundation stone for 7th factory
  2. Apollo Tyres: Onkar & Neeraj Kanwar take a pay cut
  3. Apollo Tyres enters two-wheeler tyre segment with range for India
  4. Apollo Tyres’ management takes coronavirus pay cut
/by

Apollo Tyres appoints Daniele Lorenzetti its new CTO

Former Pirelli research and development director Daniele Lorenzetti has assumed the role of chief technology officer at Apollo Tyres, and has also joined the tyre maker’s Management Board. He succeeds Dr Seshu Bhagavathula, who recently returned to the automotive sector after a two-year stint at Apollo Tyres to take up the position of chief technology officer at Ashok Leyland. Lorenzetti is based in the company’s European headquarters in Amsterdam, the Netherlands.

Read more

Related news:

  1. Apollo hires new Netherlands-based CTO
  2. Francesco Gori appointed as Apollo Tyres advisor for strategy
  3. Francesco Gori now an Apollo Tyres director
  4. Apollo Tyres’ management takes coronavirus pay cut
/by

Apollo Tyres enters two-wheeler tyre segment with range for India

The market for motorcycle and scooter tyres in India is massive – around 120 million two-wheeled vehicles ply the country’s roads. To supply this large and growing market – the two-wheeler segment is said to be increasing at 8.5 per cent CAGR – and in response to its requests from its partners, Apollo Tyres has introduced the company’s first-ever products for this segment. The new Acti line-up covers around 85 per cent of replacement market demand for two-wheeler tyres in India.

Read more

Related news:

  1. Michelin, TVS Srichakra setting up motorcycle, scooter tyre production unit in India
  2. Apollo Tyres opens second Global R&D Centre
  3. Apollo Tyres lays foundation stone for 7th factory
  4. Apollo Tyres’ management takes coronavirus pay cut
/by

Francesco Gori now an Apollo Tyres director

At its Board of Directors meeting on 9 February, Apollo Tyres Ltd confirmed the appointment of Francesco Gori as an additional, non-independent company director. Mr Gori, who served as chief executive officer of Pirelli Tyre between 2006 and 2012, joined Apollo Tyres as advisor for strategy in October 2015. Vinod Rai, the former comptroller and auditor general of India, was also appointed an additional, independent director of Apollo Tyres during the meeting, and approval was given for a change in Robert Steinmetz’s directorship status.

Read more

Related news:

  1. Francesco Gori appointed as Apollo Tyres advisor for strategy
  2. Francesco Gori appointed non-exec chairman of Benetton
  3. Apollo Tyres appoints Daniele Lorenzetti its new CTO
  4. Apollo Tyres’ management takes coronavirus pay cut
/by

Apollo’s acquisition of reifen.com a ‘sound strategic extension of the value chain’

Apollo Tyres’ takeover of reifencom GmbH, operator of e-commerce sites in six European countries, has been described as part of the company’s strategy to expand its retail network in the European market. Apollo said its takeover will allow it to support the expansion activities of its subsidiary Apollo Vredestein, which include major investments in the European premium brand Vredestein. The company stated that it has major plans for growth via an expansion of its original equipment activities – the groundwork for which is being laid via the current construction of a new plant in Hungary.

Read more

Related news:

  1. Apollo Tyres buys Germany’s reifen.com
  2. Apollo Tyres opens €475 million greenfield Hungarian plant
  3. Maloya returns – but only in Germany for now
  4. Ex-Continental man to head Apollo Tyres’ European & American operations
/by

Apollo Tyres buys Germany’s reifen.com

,

Apollo Tyres Ltd has announced its acquisition of tyre wholesaler and online retailer Reifen.com GmbH. The German company changed hands for €45.6 million and, according to Neeraj Kanwar, vice-chairman and managing director of Apollo Tyres, the purchase of Reifen.com represents a “strategic fit in further growing our European business.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Apollo’s acquisition of reifen.com a ‘sound strategic extension of the value chain’
  2. Apollo Tyres opens €475 million greenfield Hungarian plant
  3. Francesco Gori appointed as Apollo Tyres advisor for strategy
  4. Leading marques considering Apollo as an OE supply partner
/by

Francesco Gori appointed as Apollo Tyres advisor for strategy

, ,

Apollo Tyres has appointed former Pirelli CEO Francesco Gori as its new advisor for strategy. Part of Apollo Tyres’ management board, Gori will support the company in its goal of international growth, identification and development of new opportunities.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Apollo Tyres buys Germany’s reifen.com
  2. Apollo Tyres opens €475 million greenfield Hungarian plant
  3. Francesco Gori now an Apollo Tyres director
  4. Top tyre manufacturers deny involvement in tyre test manipulation
/by

Rubber Asia to honour ‘outstanding contributors’ at Kochi conference, summit

Rubber Asia has announced it will honour “those who have made outstanding contributions to the rubber industry” at the Asian Latex Conference (ALC) 2015 and India Rubber Summit & Dinner (IRSD) 2015. The two events are organised on consecutive days on 10, 11 (ALC), and 12 (IRSD) September in Kochi, India.

Read more

Related news:

  1. Apollo Tyres partners with Indian cricketing great
  2. Apollo Tyres opens €475 million greenfield Hungarian plant
  3. Premium tyremakers continue to lead global top 20
  4. Apollo: Kerala plant returning to normal levels
/by

Apollo Tyres promotes Gaurav Kumar to CFO

A replacement has been found for Raj Banerji, who resigned as Apollo Tyres’ chief financial officer after less than two months in the job. Gaurav Kumar, previously group head of corporate strategy and finance, has taken on the role and will oversee Apollo Tyres’ global accounts, finance, taxation and investor relations from the company’s headquarters in Gurgaon, India. He reports to vice-chairman and managing director, Neeraj Kanwar.

Read more

Related news:

  1. Banerji to help Apollo Tyres over the ‘cusp of next global growth phase’
  2. Francesco Gori appointed as Apollo Tyres advisor for strategy
  3. Francesco Gori now an Apollo Tyres director
  4. Apollo Tyres’ management takes coronavirus pay cut
/by

Apollo moves European truck tyre OE R&D to Enschede

,

Attending the Geneva Motor Show is about original equipment (OE) positioning as much as it is about brand building. So when ambitious and fast-growing firms such as Apollo Tyres continue to make significant investments in such an exhibition it provokes questions about the company’s OE strategy. Geneva may ostensibly be about the latest and best cars, but our conversation with Apollo executives quickly shifted to the commercial vehicle tyres sector. Tyres & Accessories spoke with Apollo Tyres vice-chairman and managing director Neeraj Kanwar as well as chief business officer Sunam Sarkar in order to find out more about this as well as to consider the company’s future retreading options.

Read more

Related news:

  1. Apollo Tyres opens €475 million greenfield Hungarian plant
  2. Hungary confirmed for first Apollo greenfield factory outside India
  3. First truck tyres shipped from Apollo Tyres’ Hungary plant
  4. Apollo developing tyres for Indian military
/by

New chief legal counsel at Apollo Tyres

Apollo Tyres has appointed Atulya Sharma its chief legal counsel. In this role he will be based in the company’s corporate office in Gurgaon, India and report to vice-chairman and managing director Neeraj Kanwar.

Read more

Related news:

  1. Apollo Tyres promotes Gaurav Kumar to CFO
  2. Francesco Gori appointed as Apollo Tyres advisor for strategy
  3. Francesco Gori now an Apollo Tyres director
  4. Apollo Tyres’ management takes coronavirus pay cut
/by

Banerji to help Apollo Tyres over the ‘cusp of next global growth phase’

As reported on 6 February, Raj Banerji has succeeded Sunam Sarkar as chief financial officer at Apollo Tyres Ltd. Commenting on Banerji’s appointment, company vice-chairman and managing director Neeraj Kanwar said: “We are on the cusp of our next phase of growth globally. Having a person like Raj join our global team at this crucial time, with a strong international experience, will provide further impetus to this growth, and at the same time, contribute to the organisation’s overall financial health and stability.”

Read more

Related news:

  1. Apollo Tyres’ recently-appointed CFO resigns
  2. Apollo Tyres promotes Gaurav Kumar to CFO
  3. Apollo to establish Singapore base, redesignates Sarkar as chief business officer
  4. Apollo Tyres appoints Daniele Lorenzetti its new CTO
/by

Apollo Tyres negotiating European original equipment deals

Apollo Tyres is reportedly in discussions with several vehicle manufacturers in Europe regarding the supply of original equipment tyres. Speaking with Indian publication The Financial Express, vice-chairman and managing director Neeraj Kanwar said that the list of companies the tyre makers is in talks with includes BMW, Volkswagen and General Motors.

Read more

Related news:

  1. Apollo moves European truck tyre OE R&D to Enschede
  2. Apollo to establish Singapore base, redesignates Sarkar as chief business officer
  3. Leading marques considering Apollo as an OE supply partner
  4. Apollo Tyres partners with Indian cricketing great
/by

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.