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Pirelli granted approval to build Indonesian factory

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According to the Indonesia Investment Coordinating Board, or BKPM, Pirelli intends to invest US$126 million in a new tyre factory within the company. Reuters reports Chatib Basri, who was appointed chairman of the Board in June, as saying “we gave approval a few days ago for Pirelli to invest in Indonesia. They want to build a tyre factory."

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