Onkar S Kan­war awarded

Commercial Vehicle - - NEWS -

Onkar S Kan­war, Chair­man, Apollo Tyres Ltd., was awarded with the Of­fi­cers Cross (Civil­ian Di­vi­sion) of the ‘Or­der of Merit’ of Hun­gary. The award was con­ferred upon Kan­war in recog­ni­tion of his work to­wards strength­en­ing the Hun­gar­ian-In­dian eco­nomic re­la­tions through the com­pany’s in­vest­ment in Hun­gary, thereby help­ing cre­ate new jobs in Hun­gary. This dec­o­ra­tion was first awarded by the Pres­i­dent of the Repub­lic of Hun­gary, Janos Ader, on the rec­om­men­da­tion of the Hun­gar­ian Prime Min­is­ter. H E Gyula Petho. The Am­bas­sador of Hun­gary to In­dia, of­fi­cially handed over the ‘Or­der of Merit’ to Onkar S Kan­war in Delhi. Apollo Tyres has in­vested Euro 475 mil­lion to set-up a green­field fa­cil­ity in Gy­ongyosha­lasz, Hun­gary, to man­u­fac­ture pas­sen­ger car and com­mer­cial ve­hi­cle tyres. This fa­cil­ity cur­rently em­ploys 800 peo­ple, and is the com­pany’s sec­ond pro­duc­tion fa­cil­ity in Europe, and sixth world­wide. The pro­duc­tion ca­pac­ity con­tin­ues to be ramped at in this fa­cil­ity, and will reach the planned pro­duc­tion lev­els for Phase I by 2019.

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