UPDATE 1-Pirelli mulls JV to enter Russian tyre market

Newswire

By Christiaan Hetzner BREUBERG, Germany, May 26 (Reuters) - Italy's Pirelli Tyre, the fifth largest maker in the world by revenue, is hoping to team up with a partner in Russia as it looks to invest in a new production plant by the end of 2009. "We would like to form a joint venture with a local partner in Russia," said Marco Tronchetti Provera, chairman of parent group Pirelli & C. SpA , told a news conference during a visit to the plant. Pirelli exports 1.2 million tyres to ...

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