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Apollo Tyres currently sells Apollo and Vredestein (or Maloya) branded tyres in Europe. [15] The company currently operates two tyre factories in Europe; in the Netherlands and in Hungary. [28] The Enschede plant was acquired from Vredestein, the newly built facility southeasterly from Gyöngyöshalász was inaugurated for production on 7 April ...
On 12 June 2013 Apollo Tyres Ltd announced the acquisition of Cooper Tire & Rubber Company in a US$2.5 billion deal. This would have turned Apollo Tyre into the world's seventh-largest tyre company, with combined global revenue of an estimated US$6.6 billion, according to Tire Review data, [ 6 ] but on 30 December 2013, the Cooper acquisition ...
Apollo Tyres India: 1972 Apollo, [2] Apollo Tyres South Africa, [a] Bearway, [3] Kaizen, Maloya, Regal, Vredestein: Birla Tyres India: 1991 Birla Tyre [4] Belshina Belarus: 1965 Belshina [5] Bridgestone Japan: 1931
In 1985, Kanwar became the third generation of his family to join Apollo Tyres, which was launched by his grandfather Raunaq Singh and later taken over by his father Onkar Kanwar. His first position in the company was in the sales team. [4] In 2002, Kanwar took over daily operations from his father. [5]
Sumitomo Rubber South Africa manufactures the Dunlop, Sumitomo and Falken passenger car tyre brands in Ladysmith, KwaZulu-Natal. The Ladysmith plant began to produce Dunlop truck and bus radial tyres in July 2018, following the second of two large investments by Sumitomo Rubber Industries to upgrade and modernise the plant.
Kanwar has grown Apollo Tyres from a small single-plant Indian company into a multinational with seven plants worldwide, and annual revenues in excess of US$ 3 billion. [7] In June 2013, it was reported that Apollo Tyres would buy US-based Cooper Tire & Rubber Company for about $2.5 billion in a deal that would make it the world's seventh ...
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In April 2022, the Competition Commission of India raided the headquarters of CEAT along with other tyre companies like Apollo Tyres, MRF (Madras Rubber Factory) and Continental Tyres at multiple locations. Earlier in February the antitrust watch dog had released a statement about fining these tyre companies a total of Rs 1788 crores (of which ...