Apollo Tyres to invest $1 billion on global expansion in 5 yrs
Agencies: New Delhi, Nov 28 2012, 13:01 IST
10-15 per cent of the production from here will cater to the Indian market and about 85 per cent will be exported."
The company is looking at markets like the US, Europe, Australia and Latin America for the OHTs, he added.
On the expansion of the factory of its Netherlands arm Vredestein Banden, Kanwar said: "This is currently at a project discussion stage, but it will take about 15 months once we start it. What we are looking at is to increase the production capacity to 7.5 million per annum from the current 6 million."
The project will entail an investment of 50 million euros, he added.
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