-David Crowder, WRGA News-
Pirelli Tires has unveiled a multi-year investment plan for the United States of between approximately 1 and 1.2 billion dollars, which had already been considered during the previous mandate.
Pirelli’s U.S. headquarters and main manufacturing facility is in Rome, and the plan could mean an expansion of the local facility in the future, although the news release from the company did not outline any specific details.
According to that news release:
The investment will be on the agenda of an upcoming Board Meeting for approval and will deliver an increase in production capacity in the United States, including the development of Cyber™ Tyre technology.
Pirelli, in fact, thanks to changes in its governance established by the DPCM Golden Power, was able to agree in principle to terms with the US Department of Commerce Bureau of Industry and Security that will allow the introduction of the Cyber™ Tyre on the US market.
The expansion plan will support the growth of the High Value segment in North America and strengthen the local-for-local strategy in this market, as already happens in China and Europe.
The investment is seen as constituting an integral part of the next Industrial Plan and has no impact on 2026 targets.
The project, which will be developed over the coming years, will not change the company’s investment profile.
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