Apollo Vredestein

Last updated
Logo Vredestein Tyres Logo.png
Logo

Apollo Vredestein B.V. is a Netherlands-based tire manufacturer. Since 2009, it has been owned by Apollo Tyres, Ltd., of India. Apollo Vredestein has its head office in Amsterdam, Netherlands, and its production facility in Enschede. It designs, manufactures, and sells tires under the Apollo and Vredestein brand names through offices in Europe and North America.

Contents

Vredestein products include car tires, tires for agricultural and industrial applications, and bicycle tires. A significant number of its car tires are designed by Italian design house, Giugiaro Design. The brand is over 100 years old.

History

Quatrac Pro tyre by Vredestein Quatrac Pro.png
Quatrac Pro tyre by Vredestein

Emile Louis Constant Schiff [1] became the owner of the Nederlandse Guttapercha Maatschappij in Delft, the forerunner of Apollo Vredestein, on 6 November 1908.

Vredestein, 1909–2009

In 1909, the company moved to Loosduinen and changed its name to N.V. Rubberfabriek Vredestein. The name Vredestein comes from the name of the farm Schiff bought in Loosduinen in 1909, where he first started making rubber. The company initially specialised in all kinds of rubber products, including shoe heels, tennis balls, floor coverings, boots, and indoor football balls.

On 13 September 1934 most of the factory in Loosduinen was lost in a fire. Reconstruction started immediately, and the bicycle tire factory in Doetinchem was established in the same year. In 1946, the NV Nederlandsch-Amerikaansche Autobanden-fabriek Vredestein was founded in Enschede, with American company B. F. Goodrich owning just over 20% of the shares. A year later, Schiff laid the cornerstone of the plant in Enschede. [2]

The growth of the company accelerated in 1962 when it merged with N.V. Rubberfabrieken Hevea in Raalte. Under the influence of globalisation in the 1970s, the Vredestein brand increasingly came to focus on car, agricultural, industrial, and two-wheeler tires. The oil crisis prompted many mergers in the tire industry during these years. In 1971, the company became wholly owned by B.F. Goodrich. Soon after, Vredestein's products found their way to 125 countries. In 1976, the Dutch state took over 49% of the shares in Vredestein, 2% was obtained by the Stichting tot Voortzetting van Vredestein (Foundation for the Continuation of Vredestein) while the remaining 49% initially remained in the possession of B. F. Goodrich. The shares were later taken over by the Foundation for a symbolic sum.

In the early 1990s, the company was acquired from the state by three Dutch investors. [3] A collaboration was established with Italian designer Giorgetto Giugiaro in the late 1990s.

Apollo Vredestein, since 2009

In 2009, Vredestein was acquired by India's Apollo Tyres, Ltd., [4] and the company name was changed to Apollo Vredestein B.V.  In January 2013, Apollo Tyres Ltd announced the opening of its global R&D center in Enschede, developing and testing car and van tires for the company. [5] On 12 June 2013 Apollo Tyres Ltd announced the acquisition of Cooper Tire & Rubber Company in a US$2.5 billion deal. This would have turned Apollo Tyre into the world's seventh-largest tyre company, with combined global revenue of an estimated US$6.6 billion, according to Tire Review data, [6] but on 30 December 2013, the Cooper acquisition was called off. [7]

In May 2015, Apollo Tyres announced the relocation of its European head office from Enschede, to Amsterdam. The move happened in the following months. [8] On 5 March 2020 the company announced that 750 jobs were to become redundant within 2 years. The intention is that the production of regular car tyres will be halted within that period. [9]

Structure

Offices

Apollo Vredestein B.V. is represented by:

Management

Related Research Articles

<span class="mw-page-title-main">Michelin</span> French multinational tyre manufacturing company

Michelin, in full Compagnie Générale des Établissements Michelin SCA, is a French multinational tyre manufacturing company based in Clermont-Ferrand in the Auvergne-Rhône-Alpes région of France. It is the second largest tyre manufacturer in the world behind Bridgestone and larger than both Goodyear and Continental. In addition to the Michelin brand, it also owns the Kléber tyres company, Uniroyal-Goodrich Tire Company, SASCAR, Bookatable and Camso brands. Michelin is also notable for its Red and Green travel guides, its roadmaps, the Michelin stars that the Red Guide awards to restaurants for their cooking, and for its company mascot Bibendum, colloquially known as the Michelin Man, who is a humanoid consisting of tyres.

<span class="mw-page-title-main">Bridgestone</span> Japanese multinational manufacturing corporation

Bridgestone Corporation is a Japanese multinational manufacturing company founded in 1931 by Shojiro Ishibashi (1889–1976) in the city of Kurume, Fukuoka, Japan. The name Bridgestone comes from a calque translation and transposition of ishibashi (石橋), meaning 'stone bridge' in Japanese. It primarily manufactures tires, as well as golf equipment.

<span class="mw-page-title-main">Goodrich Corporation</span> Defunct American manufacturer

The Goodrich Corporation, formerly the B.F. Goodrich Company, was an American manufacturing company based in Charlotte, North Carolina. Founded in Akron, Ohio in 1870 as Goodrich, Tew & Co. by Dr. Benjamin Franklin Goodrich, the company name was changed to the "B.F. Goodrich Company" in 1880, to BFGoodrich in the 1980s, and to "Goodrich Corporation" in 2001. Originally a rubber manufacturing company known for automobile tires, the company diversified its manufacturing businesses throughout the twentieth century and sold off its tire business in 1986 to focus on its other businesses, such as aerospace and chemical manufacturing. The BFGoodrich brand name continues to be used by Michelin, who acquired the tire manufacturing business in 1988. Following the acquisition by United Technologies in 2012, Goodrich became a part of UTC Aerospace Systems.

Vodafone Libertel B.V. is the second largest mobile phone company in the Netherlands, and was previously called Libertel. It is part of VodafoneZiggo, a joint venture between Ziggo and Vodafone Group.

<span class="mw-page-title-main">Apollo Tyres</span> Indian tyre manufacturing company

Apollo Tyres Limited is an Indian multinational tyre manufacturing company headquartered in Gurgaon, Haryana. It was incorporated in 1972, and its first plant was commissioned in Perambra in Thrissur, Kerala. The company now has five manufacturing units in India, one in the Netherlands and one in Hungary. The company generates 69% of its revenues from India, 26% from Europe and 5% from other countries. Apollo announced its entry into the two-wheeler tyre segment with contract manufacturing in March 2016.

Cooper Tire & Rubber Company is an American company that specializes in the design, manufacture, marketing, and sales of replacement automobile and truck tires, and has subsidiaries that specialize in medium truck, motorcycle, and racing tires. With headquarters in Findlay, Ohio, Cooper Tire has 60 manufacturing, sales, distribution, technical, and design facilities within its worldwide family of subsidiary companies, including the UK-based Avon Tyres brand, which produces tires for motorcycles, road cars, and race cars.

<span class="mw-page-title-main">Dunlop Tyres</span> International tyre brand

Dunlop Tyres is a brand of tyres which is managed by different companies around the world. It was founded by pneumatic tyre pioneer John Boyd Dunlop in Belfast, Ireland, in 1888.

<span class="mw-page-title-main">Aegon</span> Dutch financial services company

Aegon Ltd. is a Dutch public company for life insurance, pensions and asset management. It is headquartered in The Hague, Netherlands and has 26,000 employees as of July 21, 2020. Aegon is listed on the Euronext Amsterdam and is a constituent of the AEX index. It operates a direct bank under the brand name "Knab" in the Netherlands. In October 2022, it was announced that AEGON's Dutch operations would be acquired by ASR Nederland. To the extent they had the AEGON trade name, it will become ASR; Knab and TKP will keep their names. Subsequently, AEGON reincorporated in Bermuda.

<span class="mw-page-title-main">United States Rubber Company</span> American manufacturer of tires

The company formerly known as the United States Rubber Company, now Uniroyal, is an American manufacturer of tires and other synthetic rubber-related products, as well as variety of items for military use, such as ammunition, explosives, chemical weapons and operations and maintenance activities (O&MA) at the government-owned contractor-operated facilities. It was founded in Naugatuck, Connecticut, in 1892. It was one of the original 12 stocks in the Dow Jones Industrial Average, and became Uniroyal, Inc., as part of creating a unified brand for its products and subsidiaries in 1961.

<span class="mw-page-title-main">MRF (company)</span> Indian tyre manufacturing company

MRF, or MRF Tyres, is an Indian multinational tyre manufacturing company and the largest manufacturer of tyres in India. It is headquartered in Chennai. The acronym MRF comes from the company's initial days when it was called as Madras Rubber Factory. The company manufactures rubber products including tyres, treads, tubes and conveyor belts, paints and toys. MRF was named the world's second-strongest tyre brand by Brand Finance, with a AAA− brand grade.

Nokian Tyres plc, headquartered in Nokia, Finland, produces tyres for cars, trucks, buses, and heavy-duty equipment. Known for its winter tyres, Nokian is the only tyre manufacturer in the world with its own permanent winter tyre testing facility. The company's Hakkapeliitta brand name is recognised in Finland as a trademark.

<span class="mw-page-title-main">Yokohama Rubber Company</span> Japanese tire and rim manufacturing company

The Yokohama Rubber Company, Limited is a Japanese manufacturing company based in Hiratsuka, Japan. The company was founded and began on October 13, 1917, in a joint venture between Yokohama Cable Manufacturing and BFGoodrich. In 1969, the company expanded to the United States as Yokohama Tire Corporation. It primarily produces tires, rims and golf equipment.

<span class="mw-page-title-main">Sumitomo Rubber Industries</span> Japanese tire and rubber company

Sumitomo Rubber Industries, Ltd. is a global tire and rubber company based in Japan. It is part of the Sumitomo Group. The company makes a wide range of rubber based products, including automobile tires, golf balls and tennis balls. Sumitomo tire brands include Dunlop, Falken and Ohtsu. Sumitomo also manufactures and sells the sport equipments under the Dunlop Sport brand.

<span class="mw-page-title-main">Maxeda</span> Dutch retail company

Maxeda is a Dutch retail company owned by American investment firm Kohlberg Kravis Roberts & Co. (KKR) which is currently a market leader in the DIY retailing in The Netherlands, Belgium and Luxembourg. When Maxeda acquired Vendex KBB, Maxeda owned the three most prominent Dutch department stores: Vroom & Dreesmann and De Bijenkorf, both sold in 2010, and HEMA, sold in 2007.

Dunlop Ltd. was a British multinational company involved in the manufacture of various natural rubber goods. Its business was founded in 1889 by Harvey du Cros and he involved John Boyd Dunlop who had re-invented and developed the first pneumatic tyre. It was one of the first multinationals, and under du Cros and, after him, under Eric Geddes, grew to be one of the largest British industrial companies. J. B. Dunlop had dropped any ties to it well before his name was used for any part of the business. The business and manufactory was founded in Upper Stephen Street, Dublin. A plaque marks the site, which is now part of the head office of the Irish multinational departments store brand, Dunnes Stores.

Federal Corporation is a Taiwan-based tire manufacturer, headquartered in Zhongli District, Taoyuan City Taiwan. Today, it operates under the name of Federal Group which includes marketing, real estate divisions, and two tire manufacturing plants: original plant in Zhongli, Taiwan and 100% owned plant in China, Jiangxi, Nanchang.

<span class="mw-page-title-main">GTR (company)</span>

Ghandhara Tyre & Rubber Company Limited (GTR), formerly known as The General Tyre and Rubber Company of Pakistan Limited is a Pakistani tyre manufacturing company based in Karachi, Sindh. It has a production capacity of two million tyres per annum with manufacturing plant located in Landhi.

Onkar Kanwar is an Indian businessman, chairman of Apollo Tyres. He is also the chairman of Artemis Global Life Sciences, PTL Enterprises and Premedium Pharmaceuticals Pvt Ltd.

<span class="mw-page-title-main">Neeraj Kanwar</span> Indian businessman (born 1971)

Neeraj Kanwar is an Indian businessman. He is the vice chairman and managing director of Apollo Tyres.

References

  1. iisg.nl
  2. rezulteo-tyres.co.uk
  3. dfwperformancetires.com
  4. hindubusinessline.com
  5. autokompas.nl
  6. tirereview.com
  7. wsj.com
  8. tiresandparts.net
  9. "Apollo Tyres to reduce over 500 jobs at Netherlands plant, focus on specific segments". The Economic Times. 2020-07-14. ISSN   0013-0389 . Retrieved 2023-10-19.
  10. "Benoit Rivallant appointed as president of Apollo Vredestein in Europe".