Apollo Tyres Ltd. has opened a component preparation unit at its Ladysmith, South Africa, tyre plant, a $35 million project that will result in tyre production capacity hikes at two factories. Speaking at the opening, Apollo Chairman Onkar S. Kanwar said the project will result in a 20 % hike in commercial vehicle tyre capacity at Apollo’s Durban, South Africa, factory, and 30 % rise in capacity at the Ladysmith facility for passenger and light truck tyres. Since the acquisition of the former Dunlop Tyre facilities in South Africa, Apollo has invested about $85 million to upgrade machinery and increase manufacturing efficiencies in both plants.
Meanwhile, Apollo Tyres Ltd. has restructured its research and development team in line with its decision to increase the company's focus on core research and a substantial increase in R&D spending over the next few years.
“We have merged our research and development resources of nearly 250 individuals from Africa, Europe and India, under the leadership of two of our finest experts,” said vice chairman and managing director, Apollo Tyres Ltd.
Chief Adviser P.K. Mohamed will lead the commercial vehicle tyre division, which will be housed on the company's Chennai campus. Group Head Peter Snel will be in charge of the passenger tyre unit from a facility being set up in Enschede, Netherlands.