Apollo Tyres opens its new manufacturing facility in Hungary
As part of its commitment to global expansion, Apollo Tyres Ltd. celebrated the opening of its new manufacturing facility in Hungary on April 7. The new plant is located 44 miles outside of Budapest.
An estimated 1,400 guests gathered inside the cavernous new facility for the opening presentations, celebration and factory tours. The formal address was also broadcast live to another 16,000 members of the “Apollo family” watching worldwide.
With the smashing of ceremonial coconuts by Apollo Tyre Chairman Onkar S. Kanwar and Hungarian Prime Minister Viktor Orban, followed by the pressing of a giant “on” button, audiences watched on large screens as the first tyre – a 16-inch all-season radial – was produced from within the pristine factory.
The plant is an cost an estimated $505 million for the India-based tyre company and is the first greenfield facility outside of India and the company’s second production plant in Europe. Situated on a 7,200-acre parcel of land off a main highway, the new facility is highly automated, using robotics and state-of-the-art technology to deliver high quality and automated consistency from compounding to construction to final product.
Once fully operational, the plant is expected to produce 5.5 million passenger and light truck tyres and 675,000 commercial vehicle tires under both the Apollo and Vredestein brands. Tyres built will serve the replacement market as well as future OE business within Europe.
The new plant marks the sixth global tire manufacturing facility for the company. Construction outside Budapest began in April 2015. The inauguration also marks the 40th anniversary for the tyremaker.