Romanian factories, among targets for Pirelli's EUR 1.9 bln investment plan

Tire producer Pirelli, which will invest EUR 1.9 million by 2015 worldwide, will direct some of the investments in increasing tire production capacities to the new plants in Romania, Mexico and China, the company has recently announced. On the industrial segment, investments will be focused on the steelcord factory in Romania, as well as on the company's subsidiaries in China, Egypt and Russia. Pirelli will invest EUR 1.9 billion, of which EUR 1.2 billion between 2011 and 2013 and EUR 0.7 billion between 2014 and 2015, to ensure the growth of its businesses and best exploitation of market trends. Pirelli runs a tire factory in Slatina, Romania, and late last year, it announced plans to build a second tire factory there, after getting a EUR 50 million loan from the European Investment Bank (EIB). Pirelli also runs a steelcord factory in Slatina and a filter factory in Bumbesti Jiu. editor@romania-insider.com