Nov. 25 – New investments for Pirelli thanks to a Memorandum of Understanding signed today in Rome during the Italian-Egyptian Business Council, which was attended by the President of Egypt Abdel Fattah El-Sisi. The MoU provides for the possible expansion of the radial truck tire factory in Alexandria Tire Co. (Atco), an Egyptian society of which Pirelli controls more than 90%. The MoU was signed by the Egyptian Minister for Investment, Ashraf Salman, and the Deputy Chairman of Pirelli & CSpA and Head of Region Middle East, Africa and India Pirelli Tyre SpA, Alberto Pirelli. Fakhry Abdel Nour, Egyptian Minister of Trade and Industry, and Carlo Calenda, Deputy Minister of Economic Development with responsibility for Foreign Trade, were also present at the signing ceremony. (Red)
