EIB Lends 50 Mln Euro to Pirelli Tyres Romania To Raise Capacity

“The loan will finance an increase in tyre production for cars and light commercial vehicles in Pirelli’s production facility in Slatina, Romania," EIB said late on Thursday.

The funds will be used in the context of the 250 million euro investment plans previously announced by the group for its Romanian activities for the 2009-2011 period, EIB added.

Pirelli Tyres Romania is located in Slatina, southwestern Romania. Pirelli also owns a factory for steelcord production in Slatina and a plant for particulate filters for new cars in Bumbesti Jiu, also in southwest Romania.

($ = 0.6948 euro)