Pirelli: German Tyre Manufacturing Base Still Strong
45 years since Pirelli took over the German Veith Group, the German branch of the Italian tyre manufacturer last year reported sales of 850 million euros. Now, in the words of Pirelli CEO Marco Tronchetti Provera, the German operation is on course to break through the billion euro barrier by 2010. Thanks to investments in the order of 190 million euros over the last four years, income has increased 30 per cent.
During a press conference held at its factory in Breuberg, Germany, the Pirelli Group outlined its industrial activities and plans for tyre business expansion in this particular market, one the company sees as key for its growth strategies. The May 26 press conference was attended by numerous company representatives, including Tronchetti Provera, Pirelli Tyre CEO Francesco Gori and the CEO of Pirelli Deutschland, Guglielmo Fiocchi.