Business Standard
Apollo Tyres is set to acquire the US headquartered Cooper Tire & Rubber Company, making the company global player with 14 plants spread across India, the United States, China, Europe and Mexico, said Onkar S Kanwar, chairman.
Delivering Chairman’s address at the annual general meeting (AGM) here today he said that Apollo had enjoyed the so-called troubled markets like Europe where it achieved it best profitability over the last few years.
The discovery of shale oil and gas is a huge boon to US manufacturing industry and already a number of companies, including global giants have announced plans for new manufacturing facilities there.
What was always the largest market will now also enjoy strong growth and given the already vast potential there the numbers can be mind-boggling.