• Twitter
  • Facebook
  • Instagram
  • Subscribe
  • Free Newsletter
  • My Account
Tyrepress
  • 0Shopping Cart
  • NewsNews
    • Latest News
    • Company News
    • UK News
    • Product News
    • International News
    • Retreading
    • Career Tracks
    • Motorsport
    • Video
    • Tyrepress Videos
  • Data
    • Leading Tyre Manufacturers
    • Leading Retailers (UK)
    • Social Media Ranking
    • Online Branding
    • Brand Finance rankings
    • Blue Light Fleet Analysis
    • Astutus Research analysis
    • Beyond Covid-19 Tire Market Forecasts
  • Features
    • Goodyear to buy Cooper – special supplement
    • TPMS and Sensor Technology 2021
    • Tyre Industry Conference 2020
    • Online Tyre Business 2020
    • Kick-starting your business webinar May 2020
  • Business Directory
    • Browse Entries
    • List Your Company on the Business Directory
  • Jobs
    • Situations vacant
    • Career Tracks
  • Classifieds
  • Magazine
    • Latest Issue
    • Read Tyres & Accessories Magazine online
    • Tyres & Accessories Magazine Archive
  • Shop
    • Subscription Shop
    • Report Shop
    • Directory Shop
  • About
    • Company Profile
    • Media Information
    • Frequently Asked Questions (FAQs)
    • Legal
    • Contact Us
  • Search
  • Menu
You are here: Home1 / News2 / Pirelli to boost China capacity to meet “high end” demand

Pirelli to boost China capacity to meet “high end” demand

Date: 25th February 2011 Author: Tyrepress Editors Comments: 0

Within the next two years capacity at Pirelli’s Jining factory in China’s Shandong province will double to ten million tyres per annum. During a China-based interview with Bloomberg TV on February 24, company chairman Marco Tronchetti Provera mentioned the capacity expansion as part of a 300 million euro investment in China to be made over the coming three years – Pirelli previously postponed its investment there in 2009 due to the recession.

Projected 2011 sales growth for the Asia region has been revised from 15 per cent to 20 per cent due to increasing demand for more expensive vehicles in China, Tronchetti Provera stated. During the 2010 calendar year passenger car sales there rose 33.2 per cent, with a total of 13.76 million vehicles sold. At present China accounts for seven per cent of the Italian tyre maker’s sales; this may grow to ten per cent within two years, the Pirelli Chairman told Bloomberg. He also emphasised Pirelli’s focus in China: “For us, what’s important is the high-end, expensive cars. We are not looking for the mass market.”

Related news:

  1. Hangzhou Zhongce Investing in Thai Tyre Plant
  2. Hangzhou Zhongce confirms Thai factory reports
  3. China plant set to become Pirelli’s largest
  4. Conti breaks ground on China bike tyre plant
Comments
Comments closed
Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • Share on LinkedIn
  • Share on Reddit
  • Per E-Mail teilen

Related Tags

Asia, capacity, car sales, China, expansion, factory, Pirelli

Advert Location 28

© 2020 - Tyrepress
  • Twitter
  • Facebook
  • Instagram
  • WhatTyre
  • Reifenpresse
  • PneusNews
Sky-high raw material costs put pressure on tyre suppliers Dandelion rubber “of great interest” to Continental
Scroll to top