Apollo Tyre Current Affairs - 2020
As per a 2016 Memorandum of Understanding (MoU) signed between the State Government of Andhra Pradesh and Gurugram headquartered Apollo Tyres Limited, the company will set up its new manufacturing unit at Chittoor district of the state. The foundation stone of the manufacturing plant was laid on 9th January 2018 by the Chief Minister of Andhra Pradesh.
On 25th June 2020, the company has announced the commissioning of the Manufacturing plant that is spread over 256 acres. Rs 3,800 crores were invested for setting up the state-of-the-art manufacturing facility. Globally, this is the 7th manufacturing unit of Apollo Tyres and the 5th in India.
For setting up the highly automated manufacturing plant that will cater to both domestic and international markets, It took 12 million (1.2 crores) man-hours of construction work, 35 million tonnes of steel used and 1.23 lakh cubic metre of concrete used.
The company has employed around 850 people at present (most hired locally) at its shop floor. The built-up area facility is 2,16,000 square metres. The plant has a modular layout and uses Information Technology-driven systems and robotics.
By 2022, through the manufacturing plant, the company has set a per-day target to roll out 15,000 passenger car tyres and 3,000 truck-bus radials.