Apollo invests in South Africa plant
Apollo Tyres chairman, Onkar S Kanwar, recently inaugurated a new Component Preparation Unit at the company’s Ladysmith tyre manufacturing facility in South Africa. This 6500 square metre unit came by virtue of 300 million rand (28.461 million euros, £23.031 million, US$35 million) investment and has a new calendering machine and triplex extrusion line. According to the company, the new addition has the potential for further expansion to facilitate future growth.