Apollo Tyres to invest EUR 12.4m at Hungary plant

2020. december 15.

Daily News Hungary- MTI

India’s Apollo Tyres is investing 4.4 billion forints (EUR 12.4m) at its plant in Gyöngyöshalász, in northern Hungary, Péter Szijjártó, the foreign affairs and trade minister, said on Monday. The tyre maker is upgrading its production lines and expanding its product range, Szijjártó said. The Hungarian government is supporting the investment with a 1.4 billion forint non-refundable grant, he said, adding that the project will help keep 1,000 people employed.