Pirelli expands in China

ERJ staff report (DS)

Beijing, China -- Pirelli has said it will double its tyre capacity in China by 2011. Chairman Marco Tronchetti Provera told reporters last week that the company intends to double car tyre capacity an increase truck tyre capacity by an unspecified amount. The expansion represnts a new investment of $100 million, which will bring total capacity to 11 million units per year by 2011, a Pirelli spokeswoman confirmed to ERJ.