Pirelli, Continental in talks on Romanian venture

Newswire

FRANKFURT, Sept 27 (Reuters) - Tyremakers Pirelli of Italy and Continental AG of Germany are in talks to set up a joint venture in Romania to make steel cord for tyres, a Continental spokesman said on Monday. "There are discussions and negotiations going on, but nothing has been decided yet," the spokesman said, confirming a report on the venture by Romania's Mediafax agency. Mediafax said Pirelli would hold 80 percent of the venture and Continental 20 percent. The plant would employ 350 ...

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