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Apollo Tyres plans to set up unit in Malaysia, to expand in India

Industry Transport equipment

Apollo Tyres is planning to set up a subsidiary in Malaysia over the next two years. Further, it has plans to expand its truck-bus radial (TBR) capacity to 9000 per day from its current 6000 units per day at its Chennai plant in Tamil Nadu, India. The company plans to invest around Rs. 1,500 crore for the same.

Extracted from HBL, May 17,’15

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