Announced Tue, 30 Jun · 22:18 IST
Apollo Tyres completes closure of Netherlands Enschede plant
Capex & Operations View source PDF
APOLLOTYRE · price
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Price reaction · full curve 14 horizons · vs prior close
+6.3%1-day move
₹430.55
prior close
₹431.75
base price
After-mkt
timing
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AI summary
Apollo Tyres' wholly owned Dutch subsidiary, Apollo Tyres (NL) B.V., has discontinued tyre production and closed manufacturing operations at its Enschede plant effective June 30, 2026. The closure follows necessary approvals from the ATNL Works Council and Supervisory Board. This is the final step of the wind-down announced in April 2025, completing the exit from Netherlands-based tyre production.
Likely market impact
Closure ends a likely loss-making European facility, which may lift consolidated margins but reduce Netherlands revenue contribution over the short term.