Apollo Tyres says delays defer Hungary plant opening

Newswire

NEW DELHI, July 31 (Reuters) - India's Apollo Tyres is facing delays in acquiring land and regulatory clearances for a tyre plant it is building in Hungary, and sees production starting later than expected, a spokeswoman said on Thursday. Apollo in January had said it would invest 200 million euros in the plant with an annual capacity of 7-million tyres a year, which was to have begun initial production from June 2009. But regulatory issues have delayed the project, and the company has ...

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