Wednesday, October 19, 2011 Pirelli Announces New Truck Tire Factory
 Pirelli is ready to strengthen its position in Argentina with a project to build a new radial truck tire factory. The project calls for an investment of approximately $300 million for the first phase of development which ends in 2014. A second phase would require additional investment of about $200 million.
The first investment phase aims to deliver an annual production capacity of 700,000 pieces and employ about 700 people. The second phase would enable the plant to reach a potential production capacity of 1.4 million pieces, at full operation, and employ about 1,200 people. When the project is completed, it would bring Pirelli’s total number of employees in Argentina to approximately 2,300 people, including the 1,100 already employed at the Merlo plant.
The new plant would satisfy increased demand for tires in a country whose economic growth is attracting new investment from the automotive industry. The dynamism of the auto market in South America is also linked to the launch of new industrial projects by some of the major car makers, including Fiat, Ford, Renault, Volkswagen, Toyota, Peugeot, Mercedes, Mitsubishi, General Motors, Hyundai and Honda.
|
