Pirelli to roll out 105 million Euro investment in Slatina
December 2012 - From the Print Edition
Italian group Pirelli wants to invest 105 million Euro in its Slatina tire factory in the next five years, 35 million Euro of which will be state aid, according to Agerpres. "I got to see this idea from scratch and I admit that the project's achievements have exceeded expectations so far," said Prime Minister Victor Ponta. "Romania is the beneficiary of the project, because, eventually, this money will come back through both taxes and 500 jobs established." The investment will increase the factory's production by 30 per cent, taking it to 13 million tires annually, and the number of employees by 16 per cent, to a total of 3,500.
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