The final contract will be signed after Apollo Tyres acquires all of the necessary permits for the plant’s construction, Végh said. The planned construction of the plant has met with opposition from locals who say it will endanger the region’s winegrowers and fruit farmers.

Apollo Tyres plans to build a €300 million tyre plant in Gyöngyös, assisted by some €27 million in government investment subsidies. (MTI-Econews)