Apollo Tyres to double capacity

Apollo Tyres is likely to infuse Rs 900 crore this year to double the capacity at its new facility in Chennai which is expected to commence operation by end-2009.

Of the total capex, Rs 700 crore is expected to be pumped in to the Chennai plant, while the balance is to be used for off-the-road tyres and also for expanding production at the Baroda (Gujarat) plant.

The Chennai plant is expected to have a capacity to manufacture 3,000 truck and bus tyres per day in addition to passenger car tyres.


Source : ProjectsToday