Construction of Apollo Tyres plant to begin in spring
Preparations for the Hungarian plant of India's Apollo Tyres to be built in Gyöngyöshalász in northern Hungary, are proceeding on schedule, Hungarian business daily Napi Gazdaság reported today, citing the Hungarian Investment Promotion Agency (HIPA).
Company and government officials announced the construction of a HUF 146 bln plant in Hungary by India's Apollo Tyres on September 18, which was expected to create 975 jobs. The project is supported with a cash investment subidy of HUF 16 bln from the Hungarian government.
The cornerstone of the plant is scheduled to be laid in the spring of 2015, and the first tires could roll off the production line early in 2017.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.