9/24/2010

Pirelli to manufacture Formula One tyres in Turkey

Posta - Italian tyre manufacturer Pirelli has announced its plans to upgrade its plant in Izmit, Turkey. EUR 30 million worth of upgrades will enable the company to produce Formula One racing tyres in the plant. Revenues in Turkey are expected to reach EUR 500 million in 2010, an increase of over 25 percent from 2009. The company has the exclusive rights to manufacture Formula One tyres between 2010 and 2013.
turkey; izmit; kocaeli; pirelli; tyre manufacturer; formula 1; formula one