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Pirelli: 400 million euro investment in Romania

Joi, 19 iulie 2007, 0:00

Italian company Pirelli might invest up to 400 million euro in a tire factory in Slatina, South Romania if the market sticks to its current pace of growth, Marco Tronchetti, president of the Pirelli group, said on Thursday, quoted by Romanian news agency NewsIn.

Tronchetti argued that in case Ford buys Daewoo Craiova the Italians could supply the company with tires and filtres as the two companies are traditional partners.

Currently, Pirelli holds two factories in Romania: of tires, metallic cords for tires, and a third one will be open next year, with an initial investment of 25 million euro.

The total amount of Pirelli investments in Romania would sum to 235 million euro next year.

Presently, the group payroll in Romania rises to almost 1.700 employees and the number will grow to over 2.500 after opening up the third company.

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