http://www.apollotyres.com/india/
Apollo Tyres Ltd is the world's 17th biggest tyre manufacturer, with annual consolidated revenues of Rs 121.5 billion (US$2.5 billion) in 2011. It was founded in 1976. Its first plant was commissioned in Perambra, Kerala. The company now has four manufacturing units, one in South Africa, two in Zimbabwe and 1 in Netherlands. It has a network of over 4,000 dealerships in India, of which over 2,500 are exclusive outlets.
It gets 59% of its revenues from India, 28% from Europe and 13% from Africa. Apollo tyres was awarded the FICCI award among large industries category for the best Quality systems.
It is planning to become the 10th biggest tyre manufacturer in the world with annual revenues of $6 billion by 2016.
On 12 June 2013, it is reported that Apollo Tyres Ltd would buy US-based Cooper Tire & Rubber Company for about $2.5 billion in a deal that would make it the world's seventh-largest tyre maker.
Apollo's cash offer of $35 per share represents a premium of about 43 percent to Cooper's share price on the New York Stock Exchange.
Apollo Tyres, which does not currently operate in the United States, gets two-thirds of its revenue from India.
The acquisition of Cooper, the world's 11th biggest tyre company by sales, will give Apollo access to the US market for replacement tyres for cars and light and medium trucks.
The two companies had combined sales of $6.6 billion in 2012.
Apollo Tyres Ltd is the world's 17th biggest tyre manufacturer, with annual consolidated revenues of Rs 121.5 billion (US$2.5 billion) in 2011. It was founded in 1976. Its first plant was commissioned in Perambra, Kerala. The company now has four manufacturing units, one in South Africa, two in Zimbabwe and 1 in Netherlands. It has a network of over 4,000 dealerships in India, of which over 2,500 are exclusive outlets.
It gets 59% of its revenues from India, 28% from Europe and 13% from Africa. Apollo tyres was awarded the FICCI award among large industries category for the best Quality systems.
It is planning to become the 10th biggest tyre manufacturer in the world with annual revenues of $6 billion by 2016.
On 12 June 2013, it is reported that Apollo Tyres Ltd would buy US-based Cooper Tire & Rubber Company for about $2.5 billion in a deal that would make it the world's seventh-largest tyre maker.
Apollo's cash offer of $35 per share represents a premium of about 43 percent to Cooper's share price on the New York Stock Exchange.
Apollo Tyres, which does not currently operate in the United States, gets two-thirds of its revenue from India.
The acquisition of Cooper, the world's 11th biggest tyre company by sales, will give Apollo access to the US market for replacement tyres for cars and light and medium trucks.
The two companies had combined sales of $6.6 billion in 2012.