2011 China will be doubled or endurance, the second largest market

The company Pirelli (Pirelli & C. SpA), chairman of MarcoTronchettiProvera7 10 "in the next two years in China, Pirelli will invest an additional 100,000,000 U.S. dollars by 2011 China will tire (including car and truck tires) to increase production capacity to 11,000,000 000. We will double car tire production capacity, but also to raise truck tire production capacity. If the price of raw materials continue to rise, the growth of production capacity in China to Pirelli tire market share to double to 10%. But if the prices of raw materials continued, These goals may 'shrink'. "

He also said that if we can achieve annual output in China 11,000,000, China will become the Pirelli tire of the world's second-largest market. The tire production in China will have about half of China for the domestic market and the other half is exported.

At present, China is the Pirelli tire's fifth-largest market share of sales accounted for 10% of the total. In 2007, Pirelli made a net profit of 258,800,000 U.S. dollars, and this year hope to maintain the "good results."

Pirelli and Shandong Yinhe Group, according to the ratio of 40:60 in July 2005 formed a joint venture Pirelli tires (China) Co., Ltd.. In November 2007, Pirelli stake in the company's holdings to 75%. Pirelli tire factory in China, there are two, one in 2005 is officially put into production truck tire plant by the end of 2007 is a production of car tire plant, two plants are located in Yanzhou, Shandong Province.

"We will start from the Yanzhou factory Pirelli as the company's Asia Center, as it is in Asia, we are the only manufacturers. In view of the plant's existing production capacity, exports are taken for granted. Exported to the main plant Far East countries, including Japan and Australia. ", Pirelli tires (China) Co., Ltd. CEO Giuseppe Cattaneo this year, May said," At present we supply the Chinese market to 700,000 truck tires. If the market needs, we can be in several On the rapidly expanding production capacity to 1,200,000. From the September 2007 start of production car tires. Now we have the car tire production capacity growing every day. After a few months to reach production capacity 3,000,000, by the middle of next year will reach 5,000,000. We have in the past three years has been about 10 years competitors need to achieve results. We believe that the 700,000 truck tires and tire 3,000,000 size is not small. "

During this year's Beijing auto show, Pirelli Tire Co., Ltd. China Business Director, said that Lukashenko is expected in 2008 Pirelli in the car tire factory in Shandong's annual output to reach 3,000,000.