Apollo Tyres to set up a greenfield facility in Hungary

To invest Euro 475 million over 4-5 years to set up new facility

Apollo Tyres announced that the Company has chosen Hungary for the proposed investment toward setting up of a greenfield facility in Eastern Europe.

The Company will invest Euro 475 million over the next 4 to 5 years to set up this facility in the new industrial zone near Gyongyoshalasz, Hungary. Once completed, the plant will have a capacity to produce 5.5 million passenger car & light truck tyres and 675,000 heavy commercial vehicle tyres per annum.

This facility will produce both, Apollo and Vredestein branded tyres, and will cater to the entire European market, and will complement Apollo Tyres' existing facility in the Netherlands.

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