The Apollo Tyres group, through its logistics arm Apollo International, has acquired the Mumbai-based container transport services company, Seaport Container Terminal, for an undisclosed amount. Apollo International, which is engaged in imports and exports of tyres and tubes, had recently announced its foray into logistics space.
Seaport Container Terminal is a leading transportation company operating as contractor for the rail PSU, Container Corporation of India (CONCOR), for the latter’s inland container depot (ICD) in Mulund, which mainly handles traffic from Jawaharlal Nehru Port Trust (JNPT).
Apollo International is positioning itself as 4PL (four-party logistics) player in the industry, offering complete logistics solutions under one-roof.
(Source: Business Standard)
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