Pirelli to invest 105 million euros in Slatina, Romania plant
Pirelli will invest 105 million euros in its Romanian plant over the next five years, the manufacturer has announced. The investment, which is supported by around 35 million euros of state aid, is designed to increase the size of the factory – from 180,000sqm to 200,000sqm – the number of employees by 500 to 3,500 in total, and its capacity. Initial estimates say the company plans to raise the current production figure of 8.5 million tyres per year to 10 million at the end of 2013 and 13 million by the end of 2017.