Pirelli Announces Further $100 Million Investment for Brazil, Latin America

TGR Staff

Worldwide, Pirelli anticipates its specialized tire segment to expand a total of 7.5 percent over the next three years, and growth in Latin America and particularly Brazil is expected to be far stronger. The Italian manufacturer estimates sales of for construction, digging and mining vehicle tires in these two markets to increase by 25 percent and 37 percent respectively and to accommodate this development the Pirelli Group has announced plans to invest US$100 million in its Latin America specialized tire operations.

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