|SOUTH-EAST EUROPEAN INDUSTRIAL МARKET » South-East European INDUSTRIAL Мarket - issue 1/2017, March
Tyre manufacturer Pirelli invests EUR 200 million in Romania
An investment worth EUR 200 million will be made by Italy's tyre manufacturing giant Pirelli in Romania. The company will deploy those funds at its factory in Slatina within the next five years.
The announcement was made by the company's Executive Vice Chairman and CEO Marco Tronchetti Provera at the anniversary event at the end of 2016, which was also attended by Romania's Minister of Labour Dragos Pislari, the Finance Minister Anca Dragu, representatives of the country's foreign investment agency InvestRomania, as well as high-ranking Pirelli executives.
The received funds will serve as an increase in Slatina's production capacity and will also create 500 new jobs. They will also ensure that the production technology remains at the cutting edge for the markets of Eastern Europe.
Tags: Pirelli tyre manufacturing InvestRomania