Subsidiary30 Jun 2026, 10:20 pm
Apollo Tyres Subsidiary Closes Netherlands Plant
AI Summary
Apollo Tyres Ltd announced that its wholly owned Netherlands-based subsidiary, Apollo Tyres (NL) B.V. (ATNL), has ceased tyre production and related operations. The manufacturing activities at the Enschede plant officially closed on June 30, 2026, following the necessary approvals from ATNL's Works Council and Supervisory Board. This decision follows a previous communication dated April 25, 2025, regarding updates related to the subsidiary.
Key Highlights
- Netherlands subsidiary ATNL has discontinued tyre production.
- Enschede plant manufacturing operations have ceased.
- Closure effective from close of business hours June 30, 2026.
- Approvals obtained from Works Council and Supervisory Board.
Price Impact
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