Pirelli tire giant settled in Yanzhou

October 12, in the coal-rich Yanzhou, Shandong, Pirelli truck radial tire production plant officially put into operation. As the world's top 10 tire brands, the Pirelli Group of Italy was finally set up the first Chinese enterprise in Shandong truck radial tire plant, now, the world's top 10 tire companies have been 8 to set up production plants in China. Pirelli the new plant covers an area of 50,000 square meters, the initial annual capacity of 540,000 tires, the largest production capacity can be more than 1,200,000, will supply China, Southeast Asia and Australia markets.
Pirelli is one of the world's top 500 enterprises, but also Italy's second-largest domestic enterprises. It is learned that the truck radial tire plant in Shandong for Pirelli and Shandong Yanzhou lead to tire of the local enterprise, a joint venture, Pirelli has a 60% stake. Heavy-duty radial tire plant in Shandong will further strengthen the global network of Pirelli and Pirelli's become with Italy, Turkey, Egypt and Brazil tied for the truck radial tire production base. Italian group Pirelli and Telecom Italia Chairman Mark Tang said that Pirelli is very optimistic about the prospects for Chinese tire market, and strive to the end of next year hold a truck radial tire market share of 3 percent and to double the speed of development of the market in high-speed growth. Expected over the next two years, Pirelli will be in China with a total investment of 180,000,000 U.S. dollars at the same time they will set up car radial tire plant in order to meet domestic market demand for high-performance tires.