Pirelli to invest 105 million euros in Slatina, Romania plant

Pirelli will invest 105 million euros in its Romanian plant over the next five years, the manufacturer has announced. The investment, which is supported by around 35 million euros of state aid, is designed to increase the size of the factory – from 180,000sqm to 200,000sqm – the number of employees by 500 to 3,500 in total, and its capacity. Initial estimates say the company plans to raise the current production figure of 8.5 million tyres per year to 10 million at the end of 2013 and 13 million by the end of 2017.

Pirelli’s investment in Romania, where it produces premium brand products, represents a continuation of the 450 million euro investment package it already had in place at the site, earmarked for developments lasting to 2014. At the Slatina Industrial Hub, which Pirelli says has received this investment, Pirelli also has a metal cord plant, in addition to the tyre plant. The company also produces filter units for diesel engines in the country.