Apollo Tyres global revenue reaches EUR 1.3 bln
pr
Indian tire maker Apollo Tyres’ global consolidated revenue for the nine months (April to December) of its financial year closed at EUR 1.3 billion, while net sales for Q3 grew 17% to close at EUR 471 million, according to a press statement sent to the Budapest Business Journal today.
According to the same report, once the plant at Gyöngyöshalász (about 80 km northeast of Budapest) is ready, Apollo expects the Hungarian operation to boost global performance with its capacity to produce 5.5 million passenger car and light truck tires, and 675,000 heavy commercial vehicle tires per annum, giving job opportunities to hundreds of people in the region.
The company said it witnessed good volume growth in both its Indian and European operations in Q3, led by the passenger vehicle segment, although it added that rising rubber prices will be a concern going forward.
Watchdog Fines UniCredit Bank Hungary for Regulatory Shortfa...
Hungary to Address Future of Cohesion Policy During EU Presi...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
