Currency
issues have hindered Pirelli’s efforts to obtain raw materials for its
factories in Venezuela, and as a result the company will halt production there
on 30 January. Reuters writes that operations will stop for a fortnight,
restarting on 13 February using raw materials provided by another company
division. The tyre maker’s local operation, Pirelli de Venezuela, was
deconsolidated in 2015 as a result of economic problems linked to the country’s
devalued currency. More… 
Thursday, January 26, 2017
Pirelli pausing production in Venezuela
Currency
issues have hindered Pirelli’s efforts to obtain raw materials for its
factories in Venezuela, and as a result the company will halt production there
on 30 January. Reuters writes that operations will stop for a fortnight,
restarting on 13 February using raw materials provided by another company
division. The tyre maker’s local operation, Pirelli de Venezuela, was
deconsolidated in 2015 as a result of economic problems linked to the country’s
devalued currency. More… 
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