Pirelli plans to divest energy, telecoms cables businesses, build car tyre plant in Romania

By Liz White, ERJ staff

Milan, Italy- Pirelli & C SpA has revealed a strategy that will see it put its major energy cables and telecoms cables businesses up for sale. The announcement, in Pirelli’s third quarter results statement, comes as Pirelli also announced the signing of a letter of intent to make truck tyres in a joint venture in China (see story below).

And in another major development, Pirelli said it plans to build a major base for making high-performance car tyres in Romania. This follows…

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