Brazil to Receive US$200 Million Pirelli Investments
This year Pirelli celebrates 80 years of doing business in Brazil. In the eight decades that followed the company’s first presence there in 1929, Pirelli has established five factories and a research centre in the South American nation and manufactures 90 per cent of its South American production there. This strong presence reflects Brazil’s growing importance as a strategic centre for vehicle production, and Pirelli’s interest in the region remains strong. At a July press conference, held at the company’s Santo André manufacturing site in Sao Paulo, Pirelli outlined plans to invest a further US$200 million in Brazil over the next three years.