Invest News Detail
Posta - Italian tyre manufacturer Pirelli has announced its plans to upgrade its plant in Izmit, Türkiye. EUR 30 million worth of upgrades will enable the company to produce Formula One racing tyres in the plant. Revenues in Türkiye 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.