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GREENFIELD TYRE PLANT
RPG Group exploring possibility to set up greenfield tyre plant in MPRPG Group is exploring the establishment of a greenfield tyre plant in Madhya Pradesh for expansion. Chairman Harsh Goenka mentioned that t...
JK Tyre completes Cavendish Industries merger, boosting capacity and product portfolioJK Tyre & Industries has finalized the merger of its subsidiary, Cavendish Industries Ltd. This integration is expected to boost operationa...
CEAT unveils tyre factory in Tamil NaduThe plant can roll out 28,500 passenger car radial tyres and 2,500 motor-cycle radial tyres a day. An investment of Rs 1,400 crore has been...
Ceat lines up Rs 3,500 crore capex to ramp up production capacityThe RPG Enterprise flagship firm said it has already put in capital to expand its Halol plant.
PCBL to set up greenfield carbon black plant in Tamil Nadu for Rs 600 croreThe new initiatives would raise the country's largest carbon black maker's capacity by another 50 per cent to 7 lakh tonnes.
PCBL to pump Rs 300 crore to ramp capacityGoenka said currently the project is in formative stage which would get ready in the next few months and then only quantum of investment ca...
- Buy Apollo Tyres, target Rs 296: KR Choksey Securities
KR Choksey Securities has a buy call on Apollo Tyres at a price target of Rs 296.
Apollo Tyres raises Rs 2,260 crore debt for greenfield plant in HungaryApollo Tyres on August 26 announced that it has successfully closed about Rs 2,260 crore financing for its greenfield plant in Hungary.
Apollo Tyres closes 300 million euro financing for Hungary plantThe company has successfully closed a 300 million euro financing for its greenfield plant in Hungary, Apollo Tyres said in a statement.
Apollo Tyres begins construction work at Hungary-based plantThe facility will start production in early 2017 and manufacture Apollo and Vredestein branded tyres to cater to the entire European market...
Ceat to make 2-wheeler tyres, to invest Rs 1,200 crore in new unitCeat has been outsourcing 2-wheeler tyres to a Hyderabad-based co till now & has decided to start manufacturing itself at a greenfield plan...
Apollo Tyres appoints Mathias Heimann to head European OperationsApollo Tyres today appointed of Mathias Heimann as President of Europe & Americas and CEO of Apollo Vredestein.
Apollo Tyres rallies over 1% on expansion plans in HungaryThe company's board has approved the setting up of the facility that will have a total capacity of 5.5 million passenger car and light truc...
Hungary plant to start rolling out products by 2017: Apollo TyresThe company decided to go ahead with the new plant in Eastern Europe after its failed $2.5 billion takeover of US-based Cooper Tire.
Apollo Tyres to invest 442.2 mn euros for new plant in HungaryThe company decided to go ahead with the new plant in Eastern Europe after its failed $2.5 billion takeover os US-based Cooper Tire.
Apollo Tyres' plan to raise Rs 1,725 crore gets shareholders' nodApollo Tyres' plans to raise about Rs 1,725 crore through issue of securities was today approved by the shareholders of the company.
- Govind Rubber Q1 net profit up, acquires land for project in Gujarat
Govind Rubber Ltd (GRL) today said its profitability for the Q1 FY13 has jumped by 248 per cent over last year.
- Govind Rubber plans Rs 750 crore greenfield plant in Gujarat
Govind Rubber Ltd (GRL) today said it has drawn up Rs 850-crore capital expenditure plan for expansion of tyre and tube manufacturing facil...
- Religare assigns hold to Apollo Tyres; target Rs 36
Religare Research has downgraded their rating on Apollo Tyres to ‘hold’ from ‘buy’ and also revised the target price to Rs 36 from Rs 40 ea...
- Kesoram to raise Rs 500 cr through bonds
Kesoram Industries plans to mop up Rs 500 crore of fresh funds from the bonds market to part-finance its expansion programme.