Pirelli SpA wants to grow faster in the Asian markets, and is now seeking "industrial partnerships" toward that end, according to Reuters reports.
Pirelli Chairman Marco Tronchetti Provera was quoted on June 8 as saying, "We’re looking at how we can grow the most quickly in Asia, for example at an industrial partnership along the lines of what we did (with motorcycle tires) in Indonesia." Despite this, he said no talks were currently under way.
The Asia-Pacific region accounts for just 7% of Pirelli’s annual sales.