Pirelli to expand Romanian tyre factory

ERJ staff report (DS)

Bucharest, Romania -- Pirelli is to invest an additional 250 million Euros in Romania over the next 5 years, to grow further in Eastern European markets. This will double the total investment in the plant.

The additional investments planned from now to the end of 2011, which amount to approximately 250 million euros, will aim to increase manufacturing capacity of the plants. The new project will receive a contribution from the Romanian government up to a maximum amount of about 28 million euros.

In the last five years, the Group has invested approximately 250 million euros in Romania to create a large industrial pole made up of a car tyre factory, which at the end of 2009 will have annual manufacturing capacity of about 5 million units, and a factory for production of steelcord (reinforcement material for radial tyres) in the Slatina area.

Pirelli said, in the 2006-2008 three-year period, Slatina workers were given an average of about 150 days of professional training each, with a total investment of more than 500,000 euros. After the start of production at a filter factory in Bumbesti, the total number of employees of the Group in Romania will rise to more than 3,000 at normal working capacity.

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Press release from Pirelli