Pirelli reviewing European commercial structure

ERJ staff report (RPN)

Milan Italy – Pirelli & C. S.p.A. is reviewing its European commercial structure, particularly its high-end tire production capacity, and might integrate that capacity with markets that offer the greatest demand for premium products.

Pirelli disclosed the possible restructuring in a press release announcing the delay until November of the release of its 2013-17 Industrial Plan. It said delaying this presentation will allow management time to prepare more “coherent” medium- to long-range forecasts in light of the continuously evolving…

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