Apollo confirms plans to invest $1 billion over 5 years

ERJ staff report (DS)

New Delhi – Apollo Tyres has  formulated plans to spend $1 billion on expansions and investment globally in the next 5 years. An interview with the Press Trust of India quotes Neeraj Kanwar saying, “Over the next five years, we will be setting up two new greenfield plants, one either in Thailand or Indonesia and another in Eastern Europe in a phased manner,” A spokesman for Apollo said the article faithfully represents Kanwar’s views.

Kanwar continued, “All these projects put together, including our…

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