Pirelli to pump $200m into Chinese plant

Investment by tire giant to make Shandong facility its largest

Pirelli & C SpA, the Italian tire giant, is planning a $200 million investment to make China its largest global manufacturing center by 2014.

Gregorio Borgo, CEO of Pirelli Asia Pacific, said that the expansion is necessary to keep pace with the huge potential market for its tires coming from China's surging demand for luxury and sports-utility vehicles.