Apollo sales, operating profit rise in 2019

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KERALA, India—Indian tire maker Apollo Tyres Ltd. posted double-digit increases in sales and operating profits for the fiscal year ended March 31.

Operating profits and sales both rose 18 percent, to $299.2 million and $2.47 billion, respectively, gains Apollo attributed to a “strong performance” in the commercial vehicle segment, especially truck radials in India, and passenger car tires in Europe.

Read the source article at Rubber and Plastics News

Vredestein launches “first” all-season UHP tire

Baden-Baden, Germany – Apollo Vredestein has unveiled what it says it the first all-season tire to be specially designed for the ultra-high performance (UHP) segment.

The Quatrac Pro tire will strengthen the company’s position in the European all-season segment, officials said at a 21 March press launch near Baden-Baden.*

Available in sizes from 17 to 21 inch, the tire is said to offer advanced level of handling and braking performance under both dry and wet conditions.

Compared to predecessor…

Read the source article at European Rubber Journal

Global Tires Market Analysis, Estimates Trends, and Forecasts, 2016-2024: Growing Role of Nanotechnology Offers Benefits That Cover the Entire Life-Cycle of Tires

DUBLIN, Jan 15, 2019 /PRNewswire/ — The “Tires – Market Analysis, Trends, and Forecasts” report has been added to ResearchAndMarkets.com’s offering. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East & Africa, and Latin…

Read the source article at PR Newswire

Apollo Vredestein to Increase Tire Prices in North America

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Apollo Tyres announced that the prices of its Vredestein brand consumer tires will increase by up to 6% starting Jan. 1.

The company said the price hike is in line with the rising raw material and logistics costs.

Currently, Vredestein consumer tires are produced in Europe from the company’s manufacturing facilities in the Netherlands and the recently inaugurated plant in Hungary.

Read the source article at Tire Review

Online Tire Market Business Growth Statistics and Key Players Insights: Michelin, Bridgestone, BF Goodrich, Goodyear, Hankook

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Online tire sale platform
The online retailing helps in reaching out too many consumers without launching stores and this results in cost benefits which are ultimately passed on to the customers. Moreover, increasing spending on e-commerce platform by OEM’s due to high internet penetration rate will drive the online tire market during the forecast period as well.

Read the source article at openPR.com

Apollo Tyres expands winter range with Aspire XP Winter

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With the introduction of a new winter tyre, Apollo Tyres now offers some 60 winter products. The latest addition to the tyre maker’s cold weather portfolio is the Apollo Aspire XP Winter, which is being rolled out in 23 sizes to cover most popular fitments.

Read the source article at Tyrepress

Apollo Vredestein scaling back tyre production in Netherlands plant

During a conference call held this month, the chief financial officer of Apollo Tyres Ltd. confirmed that passenger car tyre production at the Apollo Vredestein plant in Enschede, the Netherlands would be reduced as capacity for these products grows in the company’s new, more cost-competitive facility in Gyöngyöshalász, Hungary.

Read the source article at Tyrepress

Apollo Tyres: European truck tyre production starting this quarter

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Truck tyre production at Apollo Tyres’ factory in Gyöngyöshalász, Hungary will begin before the end of September. According to Gaurav Kumar, chief financial officer of Apollo Tyres Ltd., production is scheduled to start during the July to September quarter and the ramp-up of truck tyre production will then continue and reach a maximum capacity of 1,200 pieces per day by the end of March next year.

Read the source article at Tyrepress

Maxxis signals India ambitions with first tire plant

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NEW DELHI (NewsRise) — Four years after it entered India, Taiwan’s Maxxis launched its first tire manufacturing plant in the country, intensifying competition in the red-hot two-wheeler market.

Maxxis, a unit of Taipei-listed Cheng Shin Rubber Industry, will initially produce tires for scooters and motorcycles at the $400-million factory in Sanand, a fast-developing auto hub in the western Indian state of Gujarat.

The plant can produce up to 20,000 tires and 40,000 tubes per day, the company said in a statement Thursday.

Read the source article at Nikkei Asian Review

Apollo Tyres empowers rubber tapper’s wives on Women’s Day

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Here is the International Women’s Day gift from Apollo Tyres to rubber tapper’s wives. The company has inaugurated a Rubber Sheet Making Unit, only for women, at Vellavoor in Kottayam, Kerala on March 8, 2018. The unit was inaugurated by Adv S Jayasooryan, Vice Chairman, Rubber Board of India in the presence of the Panchayat President, Rubber Board members and the team from Apollo Tyres.

Read the source article at Rubber Asia