Pirelli Looks to Double Share in China

Pirelli SpA plans to invest some $100 million over the next two years to double its tire production capacity in China.


Chairman Marco Tronchetti Provera said the additional investment could double the tiremaker’s marketshare to 10% within the next five years.

"We are doubling the capacity in car tires, and increasing the capacity in truck tires," said Tronchetti Provera. Nearly half of Pirelli’s current capacity there is earmarked for the domestic China market.

Pirelli’s investment plan will boost total capacity to 11 million passenger and truck tires per year by 2011.

• Pirelli range of tyres