Pirelli Tyre Romania Reports 2006 Turnover of £12.7 million

Pirelli Tyre’s operations in Romania ended the 2006 year having recorded a turnover of 60.36 RON (£12.7 million) and losses of 18.49 million RON (£3.9 million). The division has a capital share of 77.16 million RON (£16.3 million). However, while on paper the company’s 2006 appears less than illustrious, late October saw the opening of a new tyre manufacturing facility near its existing steel cord plant in Slatina. The establishment of this new plant, which specialises in the manufacture of high performance tyres and employs about 450 people, required an investment of £115 million.

During the previous year the new factory produced 300,000 17 to 24-inch summer and winter tyres for luxury and performance vehicles, destined primarily for export to Western Europe. Pirelli predict that production will hit 2 million units this year and 4.5 million by 2008. In addition to tyre output Pirelli Romania will produce around 4,000 tonnes of steel cord at their two-year-old Slatina production facility.