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Bovinelli MANUFACTURERS AND TYRES * Italy - Pirelli builds new base in Mexico

Milan, Italy Financial Times, by Jude Webber (Buenos Aires, ARG) -24 October 2010: - Italian tire maker Pirelli is expected to announce a movement of millions of dollars into Mexico to establish a base of production for the North American market ... "The plan is not yet finalized, but our image makes sense to produce in Brazil Argentina and regional market for Latin American and to supply U.S. (NA) it is best do from a country party the Free Trade " , said Marco Tronchetti Provera , president and CEO of Pirelli , the Financial Times ...

* Latin America - High competitiveness in

Milan, Italy - Automotive Insight (UK) -26 October 2010: Pirelli ... of Italy invest U.S. $ 100mn to expand by 20% production at its plant in Merlo, Province of Buenos Aires ... Pirelli is seeking to expand its production in Argentina , which allow the company to export almost half of it from Argentina to Brazil , Europe and the U.S. (NA) . .. New investments will undoubtedly strengthen the position of Pirelli in the region. However, it may not be long before other tire manufacturers begin to catch up. Continental Germany has opened three plants in Brazil and Mexico and a sales office in Argentina ... Last year North Continental, American Tires increased its stake in the company Ecuadorian Rubber Company (ERCO) a majority share, unspecified, in order to strengthen its position in key markets ERCO as Chile, Peru, Bolivia, Colombia, Venezuela and Ecuador. The German company has also indicated plans to nearly double its capacity in Brazil with an investment of EUR 500mn (U.S. $ 701.8mn) ... Although competition is likely to be hot in the market for tires Latin America, we remain steadfast in our overall view that there is still significant scope for foreign suppliers the region ... ( Photo: "Burn your tires, not his soul ...")