Tag: Sumitomo Rubber assumes Apollo SA tyre business

Sumitomo Rubber assumes Apollo SA tyre business

APOLLO Tyres has sold its South African tyre business, the Dunlop brand rights and Ladysmith passenger car tyre plant to Japan’s Sumitomo Rubber Industries for US$60 million. Apollo, meanwhile maintains its Durban plan for the newly-formed company, Apollo Durban. With…