Mumbai, April 25 -- Apollo Tyres NL BV plans to close its Enschede manufacturing facility in the Netherlands by mid-2026, citing unsustainable production costs and declining demand for its speciality tyres.

The Dutch tyre manufacturer, a subsidiary of India-based Apollo Tyres Ltd, has formally submitted a Request for Advice to the Works Council regarding the intended closure, the company said in a statement Friday. The decision follows "thorough investigation and careful consideration" after cost-cutting initiatives failed to offset rising inflation.

"Submitting the Request for Advice to the Work's Council on the intended decision to discontinue production has been enormously difficult," said Benoit Rivallant, President of Apollo Tyres ...