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Article: News in Brief.
- Article from:
- Tire Business
- Article date:
- July 8, 2002
CopyrightCOPYRIGHT 2002 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Pirelli to keep truck tire unit
MILAN, Italy-Pirelli S.p.A. has confirmed that its commercial vehicle tire operation is no longer for sale. This sector of Pirelli's tire business will in the future be headed by Alberto Pirelli and be based in Milan, Pirelli said.
Pirelli announced in August 2001 that it was putting the truck tire business, along with its energy cables business, up for sale as part of its move to take control of Telecom Italia and concentrate more on the telecommunications sector.
The truck tire business reported $790 million in sales last year, accounting for 31 percent of Pirelli's tire revenues.
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