Pirelli and Continental enter Romanian Joint Venture

The Department of Trade and Industry’s autoindustry.co.uk website is reporting that Pirelli and Continental are to enter into a joint venture in Romania. The £27 million project will be split 80:20 between Pirelli and Continental, with Pirelli holding the majority share. The operation will be based in Slatina and will produce 30,000 tonnes of steel thread a year for tyres sold by both firms in Eastern Europe.