Mumbai, May 21 -- Pirelli will of reorganise its production structure in Brazil to narrow its focus on 'High Value Products' and improve the competitiveness of its plants in the country, considering also the 'difficult economic context.'

In line with new plans, the company will make an investment of 120 million euros for the period of 2019-2021 for the modernisation and reconversion of its production plants from 'Standard to High Value', and the ongoing improvement of the mix and quality in the factories of Campinas (San Paolo) and Feira de Santana (Bahia).

These investments are in addition to the 320 million euro already deployed in the period 2013-2018. This reorganisation will make Pirelli's presence in Brazil more solid and more com...