Jun 7, 2017

Tyre maker Pirelli suspends production in Venezuela

Tyre manufacturer Pirelli says it is suspending its production in Venezuela indefinitely as it can not get the necessary raw materials. Pirelli is the latest foreign company to suspend its operations in Venezuela amidst a severe economic crisis. The firm said it would cease production at its Guacara plant in Carabobo state from 16 June after 26 years in business in Venezuela. In a statement, Pirelli of Venezuela said it would do everything possible to continue supplying the country with tyres. The Venezuela division of the Italian-based tyre maker had halted production once before for two weeks last January, but this time it said the suspension was indefinite.

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