KOCHI: Apollo TyresNSE 0.00 percent limited is establishing itself in Saudi Arabia via a merger with Al-Jomaih Tires Company Limited. The firm is considering the huge and developing truck-bus circular and customer automobile tire market, targeting to seize a considerable market share, in all of the divisions, in the coming couple of years. It also succeeded within a few years in this new venture.

The arrival into the Kingdom of Saudi Arabia is the height of a long-term product formation and growth program. We are currently prepared with products suitable to satisfy to the Saudi market demands, which is the biggest and vital addition in the tire market in the Middle East countries, stated Shubhro Ghosh, the leader of group ASEAN, Middle East & Africa of Apollo Tires

Saudi Arabia has a market possibility of nearly 22 million tires, and we have fixed a very unattainable and belligerent goal for ourselves, of trading around 800,000 units of tires per year, as well as both saleable motor vehicle and passenger motor vehicle tires, contained by the time limit of following 5 years, he further mentioned.

Talking about the merger with Apollo Tires, Sheikh Abdullah Al-Jomaih, Chief Executive Officer of Al-Jomaih Tires, stated:  We have observed that the top quality tier has been growing a fast speed in 2 markets in Saudi Arabia and Apollo tires satisfy the need of domestic clients who are looking for quality products at lower rates.

The tires traded in Saudi Arabia would be produced considering the demands of the domestic market and would be sold with a 5-year guarantee starting from the time of production. Apollo Tires had established its center for the Middle East and African countries, in Dubai, in 2011.