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Tag: Tyres

  • Apollo Tyres Inaugurates New Advanced Tyre Testing Facility In Chennai

    Apollo Tyres Inaugurates New Advanced Tyre Testing Facility In Chennai

    Apollo Tyres on Wednesday inaugurated a new Advanced Tyre Testing Facility at its Global Research and Development Centre outside Chennai. The new facility, the company says, will enable it to hasten the research and development process for tyres for passenger vehicles and two-wheelers.

    At the inauguration, Daniele Lorenzetti, CTO, Apollo Tyres said, “We strongly focus on continuous improvement in efficiency and effectiveness of product development and this new facility will further augment our testing capabilities for future vehicle models. We will be able to fine-tune the performance of our products by simulating closely the real-world conditions using this facility.”

    The company said that the new facility houses a new custom-designed Flat-Trac machine as well as an Anechoic chamber. The Flat-Trac machine will allow the company to test the dynamic behavior in a simulated environment with the machine testing and recording various parameters of the performance of the tyre. The company says that the new machine is capable of replicating maneuvers such as high slip angles seen during emergency maneuvers, high torque ramp-up and even varying degrees of lean (a measure of testing two-wheeler tyres).

    The Anechoic chamber, meanwhile, will be used to test the NVH properties of the company’s tyre ranges over varying simulated terrains allowing for its fine-tuning.

    Apollo Tyres says that the main beneficiaries of the new technology will be models developed for high-end passenger vehicles, electric vehicles and premium motorcycles.

    The company also said that the inauguration of the new testing centre was in line with the brand’s mid-term goals of deploying greater use of technology in the research and development process. The company has also set targets to improve sustainability in the use of raw materials in its tyre development and manufacturing processes.

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  • Nokian Tyres Says High Inventories In Europe To Hurt H2 Sales

    Nokian Tyres Says High Inventories In Europe To Hurt H2 Sales

    European distributors are holding back from buying costly winter tyres due to high inventories, Finland’s Nokian Tyres said on Thursday, adding it saw weakness in its Russian market too.

    “We expect short-term weakness in sales volume throughout Central Europe to continue during the remainder of the year,” Chief Executive Hille Korhonen told an investor call.

    Korhonen said summer tyre inventories in Central Europe were higher than normal, leading distributors to hold back on stocking winter tyres.

    “So it seems that the order intake is slower compared to many, many years and they will be ordering goods closer to the season,” Korhonen said, adding oversupply was putting pressure on prices.

    Korhonen said the company’s view on the Russian market had worsened through the year.

    “There is increasing uncertainty in the Russian market and my meetings with all key distributors in Russia earlier this month confirmed the weakness,” Korhonen said.

    Shares in Nokian were 3% lower in late trading.

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  • Apollo Tyres setting up around Rs 3,460 cr greenfield plant in Hungary

    Apollo Tyres setting up around Rs 3,460 cr greenfield plant in Hungary

    Apollo Tyres is setting up Europe’s largest greenfield plant in Hungary with an investment of 475 million euros to produce nearly 62 lakh tyres for passenger cars and heavy commercial vehicles per annum.

    The facility at Gyongyoshalasz, located less than 100 km from here, will start production early next year and it will produce tyres to cater to the entire European market.

    “Construction of Apollo Tyres’ first European greenfield plant at Gyongyoshalasz has started on April 10, 2015 and we will start production in early 2017. It will be Europe’s largest greenfield tyres plant,” Apollo Tyres (Hungary) KFT, Head – Project Controller, Amitabh Arya told .

    The Hungarian facility will be a state-of-the-art plant and once completed it will have a capacity to produce 5.5 million (55 lakh) passenger car and light truck (PCLT) tyres and 6,75,000 heavy commercial vehicle (HCV) tyres per annum.

    The total investment in the facility will be 475 million euro (about Rs 3,460 crore) and the Hungarian government was very excited about the investment from a leading Indian company.

    Hungarian Prime Minister Viktor Orban, at a joint press conference with visiting Indian Vice President Hamid Ansari last week, had specifically mentioned about the Apollo Tyres plant saying it was one of the largest foreign investments in Hungary.

    The Gyongyoshalasz facility will produce both Apollo and Vredestein branded tyres and will cater to the entire European market.

    Apollo Vredestein B.V. is part of Apollo Tyres Ltd and has its head office in Enschede, the Netherlands. It designs, manufactures and sells high-quality tyres under the Apollo and Vredestein brands in Europe and North America.

    Onkar S Kanwar headed Apollo Tyres Ltd, with its corporate headquarters in Gurgaon, is in the business of manufacture and sale of tyres since its inception in 1972.

    The company has grown manifold, establishing its footprint across the globe. It has manufacturing units in India and The Netherlands.

    The company markets its products under its two global brands – Apollo and Vredestein, and its products are available in over 100 countries through a vast network of branded, exclusive and multi-product outlets.

    At the end of its financial year on March 31, 2016, Apollo Tyres had clocked a turnover of USD 1.8 billion, backed by a global workforce of around 16,000 employees.

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