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Apollo Tyres enters Saudi Arabia through cooperation with Al-Jomaih Tyres

  12/3/2019 - Riyadh, Saudi Arabia - Apollo Tyres Ltd., a $2.5 billion tire major, announced its entry into Saudi Arabia through a tie-up with Al-Jomaih Tyres Company Limited, the exclusive distributors for the Kingdom. Apollo Tyres would be focusing on the large and growing truck-bus radial and passenger car tire market, aiming to capture a sizeable market share in each of the segments in the next couple years. Shubhro Ghosh, group head, ASEAN, Middle East and Africa, Apollo Tyres Ltd., commented, “The entry into the Kingdom of Saudi Arabia is the culmination of a long-term product planning and development program. We are now ready with products suited to cater to the Saudi market, which is the largest and (most) important replacement tire market in the Middle East region, through our dedicated team of sales and service professionals, and a very able business partner in Al-Jomaih Tyres.” “Saudi Arabia has a market potential of approximately 22 million tires, and we have set a very aggressive target for ourselves, of selling nearly 800,000 tires per year, including both commercial vehicle and passenger vehicle tires, within the next five years,” he added. Apollo Tyres is the official global tire partner for the world’s leading football club, Manchester United. Shubhro further added, “We believe that this global partnership will further help us position our brand and the products in the minds of the consumers across Saudi Arabia, and we look forward to working with Al-Jomaih Tyres to help further engage with Manchester United fan base here." Commenting on the collaboration with Apollo Tyres, Sheikh Abdullah Al-Jomaih, CEO, Al-Jomaih Tyres, said, “We are highly impressed with the quality and performance reputation of Apollo’s tires. We have noticed that the premium tier 2 market in Saudi Arabia has been expanding at a fast pace and Apollo Tyres meets the need of local customers who are seeking quality products at competitive prices.” The tires sold in Saudi Arabia would be customized to meet the local market requirements, and would be covered under a five-year warranty from the date of manufacturing. Apollo Tyres had set up its hub for the Middle East and Africa region, in Dubai, in the year 2011, and has since managed to expand its presence rapidly in the entire region with quality products.

Monday, December 16, 2019

Global automotive tires market is expected to grow at a CAGR of 8.22% through 2024 - click to expand

Hundreds take buyout at Goodyear's Gadsden, AL plant - click to expand

Global emulsion polymers market size expected to reach $53.7 billion by 2025 - click to expand

Fraunhofer IAP and KETI strengthen cooperation on high-performance polymer materials - click to expand

Troester will exhibit at Tire Technology Expo 2020 in February - click to expand

New Goodyear blimp exhibit debuts at College Football Hall of Fame - click to expand

Friday, December 13, 2019

Global elastomer coated fabrics market forecast at $12 billion by 2024 - click to expand

Book of the Day: Rubber & Tire Technology, Volume 1 - click to expand

Wittmann Battenfeld delivers 40,000th molding machine manufactured at Austrian plant - click to expand

Cooper Tire's Tread Wisely program helps young drivers prepare for safe winter driving - click to expand

Greene Tweed participates in MidAtlantic Rubber and Plastics Group educational symposium at Lehigh University - click to expand

Thursday, December 12, 2019

Medical injection molding market size worth $1.83 billion by 2026 - click to expand

Midwest Composite Technologies acquires ICOMold - click to expand

Silicone Elastomers and TPE World Summits abstract deadline is January 10 - click to expand

Deadline for Rubber Division, ACS technical training and scholarship opportunities is March 1 - click to expand

Global silicone market size forecast with a CAGR of 7 percent through 2024 - click to expand

Wednesday, December 11, 2019

Kenneth L. Bloom appointed president of Hexpol Compounding Americas - click to expand

Global plasticizers market forecast at $16.7 billion by 2024 - click to expand

Toyo Tires to sell half its stock holdings in Bridgestone - click to expand

XG Sciences and Perpetuus partner to supply graphene to the North American tire markets - click to expand

Goodyear elects Hera Kitwan Siu to board of directors - click to expand

Tuesday, December 10, 2019

AirBoss welcomes David Camilleri to board of directors - click to expand

Toyo Tire launches the Nanoenergy M176 truck and bus tire - click to expand

GRI acquires Australian industrial tire specialist Axis Tyres - click to expand

ARPM releases annual wage and salary report - click to expand

Steelastic names James Vogel president - click to expand

Specialty hose market forecast to reach $2.3 billion by 2025 - click to expand

Kenneth L. Bloom appointed president of Hexpol Compounding Americas - click to expand

Monday, December 9, 2019

Wacker launches two anti-misting silicone release coatings for high-speed coaters - click to expand

Dunlop Sport Maxx tires are factory standard on Subaru S209 - click to expand

Denray Tire will join Michelin Retread Technologies - click to expand

Bridgestone plans to create Bridgestone Innovation Park in Kodaira, Japan - click to expand

Global nitrile butadiene rubber (NBR) latex market forecast with a CAGR of 15.4 percent - click to expand

Market Reports

Global automotive tires market is expected to grow at a CAGR of 8.22% through 2024 - click to expand

Global Emulsion Polymers Market size is expected to reach $53.7 billion by 2025 - click to expand

Global elastomer coated fabrics market forecast at $12 billion by 2024 - click to expand

Global silicone market size forecast with at CAGR of 7% through 2024 - click to expand

Medical injection molding market size worth $1.83 billion by 2026 - click to expand

Global plasticizers market forecast at $16.7 billion by 2024 - click to expand

Specialty hose market forecast to reach $2.3 billion by 2025 - click to expand

Global nitrile butadiene rubber (NBR) latex market forecast with a CAGR of 15.4% - click to expand

Automotive tubeless tire market forecast at $196 billion by 2024 - click to expand

November forecast shows U.S. tire shipments expected to increase in 2019 - click to expand

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