Romanian president holds meeting with Pirelli chairman

ERJ staff report (LMH)

Bucharest - Pirelli chairman Marco Tronchetti Provera outlined the development of the Italian manufacturer's industrial presence in Romania to the country's president, Traian Basescu, in a 31 Aug meeting held in Bucharest.

The meeting followed a visit by Romania's prime minister Emil Boc to Pirelli's industrial hub in Slatina on 30 Aug, Pirelli said in a news release. The ceo of Pirelli Tyre, Francesco Gori, and the Italian ambassador to Romania, Mario Cospito, were also present at the meeting with the president.

Pirelli has been in Romania since 2005 and by 2010 had already invested Euro 300 million. This will climb to 450 million euros by 2014, partly due to the planned expansion of the tyre factory in Slatina which also includes a financial contribution from the government, Pirelli said.

President Basescu was shown the social and cultural activities undertaken by the Pirelli Group in the country. These include a partnership with the University of Craiova in the area of technological innovation, the promotion of Italian culture in Slatina, support for the cooperation between Milan's Niguarda hospital and Slatina's, as well as the InterCampus initiative with FC Internazionale Milano.

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Press release from ITOCHU Corp