Prometeon to invest €100m in Turkish plant

Istanbul, Turkey – Prometeon Tyre Group, the former Pirelli industrial tires unit, is investing 580 million Turkish liras (€110.7 million) in its Izmit, Turkey production plant over the next two years to increase production capacity and upgrade technology.

The licensed manufacturer of Pirelli-branded truck, bus, agro and off-the-road tires, said the investment through to 2020 would raise production capacity by 75% compared to the 2017 baseline.

Export to international markets will also double compared to current levels, the Italian tiremaker said in a 6 Nov statement.

“Turkey is…

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