Apollo Tyres open to buying rubber plantations-MD

Newswire

NEW DELHI, May 27 (Reuters) - Apollo Tyres Ltd is open to the possibility of buying rubber plantations to fight surging rubber prices that have been eroding tyre makers' margins, a top executive said on Friday. "As far as buying rubber plantations, or for that matter any kind of backward integration, is concerned, we are always open to possibilities depending upon the need of the hour," Neeraj Kanwar, vice-chairman and managing director, told Reuters in an e-mailed response. The tyre ...

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