Apollo Tyres launches capacity expansion at Africa plants

Kolkata, June 27:

Apollo Tyres has launched a Rs 110-crore capacity expansion project at both the Ladysmith and Durban facilities of Dunlop Tyres International (Pty) Ltd, South Africa (DTIPL). DTIPL, which is a wholly-owned subsidiary, produces both passengerand truck-bus tyres at Ladysmith and Durban respectively.

Domestic expansion

The Indian tyre major is also expanding its domestic truck-bus radial capacity at Baroda in Gujarat from 10,000 to 15,000 tyres a day at an investment of around Rs 40 crore. Both the capacity expansion projects would be completed during this fiscal. Apollo acquired DTIPL in April 2006 through a Rs 290-crore all cash deal.

“We are expanding the capacities of both the South African facilities by approximately 20 per cent during this fiscal at an estimated investment of 200 South African Rand,” a senior Apollo Tyres official said.

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