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In 2013, it disposed of the Dunlop brand in Africa along with most of the South African operation in a sale to Sumitomo Rubber Industries of Japan. [16] The very same year, it started its Global R&D Centre, in Enschede, the Netherlands. [17] In 2015, Apollo Tyres bought Germany's Reifencom tyre distributor for €45.6 million. [18]
In December 2013 Sumitomo Rubber Industries acquired Apollo Tyres South Africa (Pty) Ltd from Apollo Tyres, which owned the Dunlop tyre brand in South Africa, as part of its strategic global development plans. It subsequently renamed the company Sumitomo Rubber South Africa (Pty) Ltd.
Tire Manufacturers and Companies ; Company Country Found. Brands Aeolus [1] China 1965 Aeolus Apollo Tyres India 1972 Apollo, [2] Apollo Tyres South Africa, [a] Bearway, [3] Kaizen, Maloya, Regal, Vredestein
Kanwar is the force behind Apollo's international acquisitions. When the company announced its acquisition of Dunlop Tyres, South Africa in 2006 it simultaneously announced Kanwar's elevation as the company's Managing Director. [6]
Necklacing. Necklacing is a method of extrajudicial summary execution and torture carried out by forcing a rubber tire drenched with petrol around a victim's chest and arms, and setting it on fire. The term "necklace" originated in the 1980s in black townships of apartheid South Africa where suspected apartheid collaborators were publicly ...
The Dunlop Tyres company in South Africa was acquired by the Indian company Apollo Tyres in 2007. In December 2013, Apollo Tyres sold most of its South African operations to Sumitomo RI for $60 million (Rs 3.33 billion) including the Ladysmith passenger car tyre plant.
Dunlop is a brand of tyre originally produced by the Dunlop Pneumatic Tyre Company from the end of the 19th century, taking its name from John Boyd Dunlop. The brand is used for many other products made from rubber or with rubber components and some with a looser connection to rubber. Ownership of the brand has become fragmented over the years.
Kanwar has grown Apollo Tyres from a small single-plant Indian company into a multinational with seven plants worldwide, and annual revenues in excess of US$ 3 billion. [7] In June 2013, it was reported that Apollo Tyres would buy US-based Cooper Tire & Rubber Company for about $2.5 billion in a deal that would make it the world's seventh ...