BRAZIL – PIRELLI
May 1st, 2002
BY MONICA DOBIETyre producer, Pirelli Pneus SA, a subsidiary of Italy's Pirelli SpA, is likely to receive financial assistance from the European Investment Bank to help the company flourish in the South American market.The bank has drawn up plans to lend the company Euro 44 million to modernise and extend an existing plant in Feira de Santana, in Bahia Brazil, to produce radial tyres for light vehicles. The project is expected to cost approximately Euro153 million in total.Opened in 1976, the plant consists of 401,763 square meters with 230 employees and ...
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