Apollo Tyres is planning to invest $1 billion in the next five years to expand its global footprint. The company has decided to set up two new plants in South East Asia and Eastern Europe and to increase the production capacity of its factory in the Netherlands to 7.5 million units a year from the current 6 million units per annum.
The entity is also planning to convert its Kalamassery plant in Kerala into a dedicated unit for the production of off-highway tyres (OHTs) with about 85% of the output aimed at catering to export markets, including the US, Europe, Australia and Latin America.
| Company Name | CMP |
|---|---|
| MRF | 139772.66 |
| Apollo Tyres | 445.30 |
| CEAT | 3713.55 |
| Balkrishna Inds. | 2329.80 |
| JK Tyres & Inds. | 428.30 |
| View more.. | |
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