Italian tiremaker Pirelli & C. SpA said Tuesday that it began producing high-performance car tires at a new factory in China's Shandong Province.
Pirelli invested nearly US$100 million (euro67.4 million) to build the factory, which will be making tires destined for China and the main markets in the Asia-Pacific area.
The new plant is in the same area as a truck tire factory opened in 2005. It has a manufacturing capacity of about 3 million pieces per year.
"Following the investment in …
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