China: Pirelli to invest €300m over the next 3 years

Tyre manufacturer Pirelli plans to invest around €300m (US$415m) in China over the next three years. A portion of the funds will go towards increasing capacity at its factory in Jining, in the country's Shandong province. Bloomberg TV, citing in interview with Pirelli chairman Marco Tronchetti Provera, said the company intends Subscribe to Automotive World … Continued

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• February 25, 2011