Apollo Tyres Hungary plant to start production in 2017.

Construction work on Apollo Tyres's Hungary plant located at Gyongyoshalasz commenced recently, and production at the facility will start in early 2017.

The plant, which will produce both Apollo and Vredestein branded tyres, will cater to the entire European market.

'This is a significant milestone for us. With the new capacity in Hungary, we will be able to further increase our focus on the European market,' chairman of Apollo Tyres Onkar S Kanwar said.

The Gyongyoshalasz facility will have a capacity to produce 5.5 million passenger car and light truck (PCLT) tyres and 675,000 heavy commercial vehicle (HCV) tyres per annum. It 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 100km from Budapest (capital city of Hungary) and meets the needs of Apollo Tyres, including having close proximity to various original equipment manufacturers as potential customers.

TOI