Pirelli Tyres Romania

Type
Business expansion
Country
Romania
Region
Macroregiunea Patru; Sud-Vest Oltenia; Olt
Location of affected unit(s)
Slatina
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
22.1 - Manufacture of rubber products
22.11 - Manufacture, retreading and rebuilding of rubber tyres and manufacture of tubes
500 jobs
Number of planned job creations
Job creation
Announcement Date
26 October 2006
Employment effect (start)
Foreseen end date
1 January 2009

Description

Pirelli Tyres Romania, the tyres division of the Italian group Pirelli, invested EUR 170 million in the construction of the new plant for tyres of high performance in Slatina (Olt County, South-West Region). In January 2007 the factory will have about 700 employees and at the beginning of 2009, as a result of the production increase, the number of employees is expected to rise to 1,000.

According to the company's annual report the Pirelli's strategy involves the expansion of the production capacities in the areas and on the markets with the highest growth. The company decided to build the factories producing metallic cord and tyres of high performance in Romania in order to respond to an increasing demand on the European markets.

Sources

  • 27 October 2006: Ziarul Financiar

Citation

Eurofound (2006), Pirelli Tyres Romania, Business expansion in Romania, factsheet number 64311, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64311.