ERJ staff report (PR)
Bratislava – Slovakia “still has a chance” of securing Apollo Tyres Ltd’s planned €500-million investment in a new tire plant in eastern Europe, according to Richard Direr, a spokesman for Sario – the country’s inward investment agency.
The official declined to comment further to ERJ on the project, which Slovakian media sources recently reported had been awarded to Hungary. Among other sources, they quoted a spokesman for the Slovak government’s economy ministry saying that the country’s infrastructure and industrial support facilities had not met the tire group’s requirements.
These issues, however, related to one particular region of the country, another Slovakian official insisted to ERJ. The spokesman, who declined to be identified, said an alternative location was now being considered for the investment.
On 3 June, Apollo Tyres issued a statement to say that it was "yet to finalise" a decision on the exact location for its planned new tire manufacturing facility.
The Indian tire group’s board on 15 May announced the project to invest in a new greenfield tire manufacturing site in eastern Europe. The planned capacity is expected to be 16,000 passenger car tires and 3,000 truck bus tires per day.