Pirelli CEO says company is not currently planning any factory closures-March 2024-www.financetom.com

Pirelli CEO says company is not currently planning any factory closures

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Pirelli CEO says company is not currently planning any factory closures

Nov 3, 2024 1:31 PM

MILAN (Reuters) - Italian tyremaker Pirelli is not planning to close any of its factories as a response to the crisis of the automotive industry, CEO Andrea Casaluci said at a business conference in Milan.

Casaluci said Pirelli had already restructured its operations in 2018-2019, closing one plant in Britain, and was now working on modernising its production facilities especially in Europe and South America.

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