According to the Chairman of Apollo Tyres, the company is slated for expansion in several countries which would require an increased focus on its plants for production and management of raw materials, which has been a key issue fro tyre manufacturers for the past some months.
The company therefore plans to invest Rs.1,100 crore this year in its 9 plants in India and abroad and is looking at Asia for expansion. Of the planned investments, Rs 900 crore would be made in its five plants in India; Rs 300 crore in its green-field facility in Chennai;Rs 200 crore in its Baroda plant; Rs 200 crore in Peramabra unit in Kerala; US$ 30 million dollars at its South Africa plant and 6 million Euros for its Europe plant.
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