November 23, 2017

Emil Boc: Pirelli Plant – Successful Foreign Investment

Premier Emil Boc said in his speech addressed to Marco Tronchetti Provera, President Pirelli Group, and Mario Cospito, Italy’s Ambassador in Bucharest, who attended the inauguration ceremony of the expanded Pirelli tire plant in Olt County that the Pirelli investment in Slatina has all the elements of a successful foreign investment. He also said that the enlarged investment made by the Italian company will also be accompanied by an additional workforce, from 2,400 to 2,800. By late last year, Pirelli investments in Romania exceeded EUR 300 M, and will reach almost EUR 450 M in 2014. The company began operating in Romania in 2005, when it built two tire and metallic cord factories in Slatina. The local tire plant will be Pirelli’s largest specialized unit. Italian group officials say that the Slatina plant will have a production in excess of 7 m tires in late 2011, and, once the expansion process is completed, the output will reach 10 M tires a year.

Premier Emil Boc said in his speech addressed to Marco Tronchetti Provera, President Pirelli Group, and Mario Cospito, Italy’s Ambassador in Bucharest, who attended the inauguration ceremony of the expanded Pirelli tire plant in Olt County that the Pirelli investment in Slatina has all the elements of a successful foreign investment. He also said that the enlarged investment made by the Italian company will also be accompanied by an additional workforce, from 2,400 to 2,800. By late last year, Pirelli investments in Romania exceeded EUR 300 M, and will reach almost EUR 450 M in 2014. The company began operating in Romania in 2005, when it built two tire and metallic cord factories in Slatina. The local tire plant will be Pirelli’s largest specialized unit. Italian group officials say that the Slatina plant will have a production in excess of 7 m tires in late 2011, and, once the expansion process is completed, the output will reach 10 M tires a year.

Source of the news: Nine o’clock (Read More)

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