By David Shaw, ERJ staff
Shandong Province, China– Pirelli has officially inaugurated its truck tyre factory in Yanzhou, China. The factory currently has capacity for 540 000 tyres per year, and will soon increase to 1.2 million units/year.
The company says it intends to win 3 percent of the Chinese truck tyre market in the coming year, and to grow at twice the market growth rate thereafter.
Pirelli has committed $90 million in 2005, increasing to double that amount within two more years. The increase will fund…