Kochi: As part of the efforts to strengthen its presence in South Africa, Apollo Tyres has installed a component preparation unit at Ladysmith tyre manufacturing facility in South Africa. The unit with a potential for further expansion to facilitate future growth has been installed at an investment of $35 million.
According to Apollo Tyres chairman Onkar S Kanwar the new unit will feed both the Durban and Ladysmith manufacturing units of the company in South Africa. This is expected to raise the commercial vehicle capacity at Durban by 20 % and the Ladysmith passenger vehicle and light truck tyre capacity by 30 %.
Since the acquisition of the former Dunlop Tyre facilities in South Africa, the company has invested $ 85 million for upgrading machinery and increasing manufacturing efficiencies in both plants.
The company plans to invest more in its units South Africa for expansion into the African continent despite challenges facing the tyre manufacturers in the country like high manufacturing and wage costs and the threat of cheaper imports.
No comments:
Post a Comment