Pirelli approves $1.2bn US plant expansion in Georgia

Pirelli & C. S.p.A. has received board approval for a €1 billion investment plan to expand its manufacturing facility in Rome, Georgia, USA. The expansion is aimed at increasing production capacity by approximately 6 million car tires by 2033, with a focus on the High Value tire segment, which makes up about 40% of global volumes for this market category.

The project will be carried out in two phases, with the first phase beginning in 2028 and adding 3 million tires per year capacity using Pirelli's MIRS technology, and the second phase adding another 3 million tires per year capacity in a fully automated conventional production facility. The expansion is expected to create around 1,000 new jobs and received majority approval from the board, with Zhang Haitao, Xi Xiaohong, and Wang Kun voting against it.

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