Apollo Tyres has started it's first European Greenfield plant in Gyöngyöshalász, Hungary, with the foundation stone laying ceremony. The project involves investments of €442 million and is expected to create over 975 now jobs.
The foundation stone was laid by Viktor Orbán, Prime Minister of Hungary and Onkar S Kanwar, Chairman of Apollo Tyres. The Indian tyre manufacturer‘s facility will start production in early 2017. The facility will produce both, Apollo and Vredestein branded tyres and will cater to the entire European market.
Kanwar said during the ceremony, „This is a significant milestone for us at Apollo Tyres, considering that a few years back we didn‘t have any presence in Europe, and today, we are looking at having our 2nd manufacturing unit in place. With the new capacity in Hungary, we will be able to further increase our focus on the European market.“
The Gyöngyöshalász facility will be a state-of-the-art plant, and once completed, will have a capacity to produce 5.5 million passenger car & light truck (PCLT) tyres and 675,000 heavy commercial vehicle (HCV) tyres per annum. This facility will complement Apollo Tyres‘ existing facility in the Netherlands, bringing the whole range of Apollo and Vredestein branded tyres to the European market. This upcoming plant is located less than 100 km from Budapest (capital city of Hungary) and meets the needs of Apollo Tyres, including having close proximity to various OE manufacturers as potential customers.
The recruitment for the new factory has started at the beginning of this year and the company has already signed scholarship programmes with close to 90 technicians who will be contracted as employees from July 1. In the second half of the year, 150 more technicians will be employed, together with qualified engineers, to join the international tyre manufacturer‘s team.
You will find an English press release „Commission endorses investment aid to Apollo Hungary for production of tyres in Gyöngyöshalász“ from September 2014 with some more details about the investment including state aids on the website of the European Commision or directly here. This press release is also in German language available.
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