Category: Industry News

Apollo conducts business rescue in South Africa

Apollo Tyres has decided to undergo business rescue proceedings in South Africa due to labor unrest, related issues and an uncompetitive cost structure, the tiremaker said. “Apollo Tyres Africa Ltd. has voluntarily initiated the business rescue proceedings, and has appointed…

Toyo Tire sets up PU subsidiary in Thailand

Toyo Tire & Rubber has set up Toyo Soflan Wiz in Thailand, a rigid polyurethane thermal insulation manufacturing and sales subsidiary, for the purpose of globally expanding its urethane business within the company’s DiverTech business segment. Toyo Tires conducts every…