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

Worldwide, Pirelli anticipates its specialised tyre segment to expand a total of 7.5 per cent 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 tyres in these two markets to increase by 25 per cent and 37 per cent respectively, and to accommodate this development the Pirelli Group has announced plans to invest US$100 million in its Latin America specialised tyre operations.