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Neeraj Kanwar, vice chairman of Apollo Tire, said that the new plant in Western Europe will become one of the most modern and technologically advanced plants in the world. Kanwar added that the construction of a new plant in Western Europe will mainly consider three factors. The first is the stability of the government, followed by the distance between the factory and the port, followed by local talent resources.
In January 2008, Apollo tires announced that it will invest 200 million euros ($265 million) to build a new plant in Hungary to produce passenger car radial tires with an initial annual production capacity of 7 million. Due to the political turmoil in Hungary, in August of the same year, Apollo Tire gave up its plan to build a plant in Hungary and turned his eyes to Slovakia. But in the end it only slightly increased the capacity of the Dutch factory and eventually built a large factory in India to meet the European market. Demand.
According to foreign media, tire manufacturer Apollo plans to build a tire factory in Western Europe within five years to produce tires for passenger cars. The site may be located in one of Poland, Hungary, and Slovakia, with a total investment of nearly 100 million euros. (about 133 million U.S. dollars).