EIB INVESTS IN PIRELLI ROMANIA TYRE PLANT
December 1st, 2009
BY KEITH NUTHALL
A SIGNIFICANT increase in production at Pirelli's new tyre plant at Slatina, Romania, is anticipated after the company announced it had secured a Euro 50 million loan from the European Investment Bank (EIB). The European Union's (EU) largest public financing institution lends at llomg-term competitive rates, and in a statement the Italian company said the loan would finance more output of car and light commercial vehicle tyres at the plant, which opened in 2005. In its communiqué, the bank said the loan "consolidates the relationship ...
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