July start for Pirelli’s motorcycle tyre JV plant
PT Evoluzione Tyre, the joint venture that factory Astra Otoparts established with Pirelli following the signing of an agreement in April 2012, is scheduled to enter production this month. Astra Otoparts says the factory’s production target for 2015 is 2 million motorcycle tyres and the total planned annual output is 7 million pieces; 4 million of these will be Pirelli or Metzeler branded tyres that will be sold in the domestic and export markets, and the remaining 3 million will be manufactured under Astra Otoparts’ Aspira brand name for sale both in Indonesia and abroad. Pirelli holds a 60 per cent share in the joint venture and Astra Otoparts the remainder.