Trelleborg Wheel Systems and Pirelli Tyres.During the second half of 1998, Trelleborg Trelleborg (trĕləbôr`yə), city (1990 pop. 22,850), Malmöhus co., extreme S Sweden, a port on the Baltic Sea. Manufactures include machinery, rubber, cement, and refined sugar. Wheel Systems and Pirelli Tyres formed a joint venture company for Pirelli's sales and manufacture in Italy of agricultural tires at its production unit in Tivoli, in southern Italy. A new company, Trelleborg Wheel Systems S.p.A., was formed, in which the Trelleborg Group had a 60% interest and Pirelli Tyres 40%. The Trelleborg Group has now exercised the option to acquire Pirelli Tyres' share and Trelleborg Wheel Systems S.p.A. is now a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of the Trelleborg Group. Trelleborg also announced it is investing in increased production capacity for an engine compartment compartment a part of the body as a whole and divided from the rest by a physical partition. fluid compartment that liquid part of the body excluded by cell membranes. Includes intravascular and intercellular compartments. noise suppression suppression /sup·pres·sion/ (su-presh´un) 1. the act of holding back or checking. 2. sudden stoppage of a secretion, excretion, or normal discharge. 3. product for different types of vehicles. The product is called DuraLam, which has been invented and developed by the Group's subsidiary, Trelleborg Rubore AB. The investment in the company's plant is worth SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 60 M and includes a 5,000 [m.sup.2] building in which a twin-belt heat-treatment press will be installed. Construction on the building is expected to be completed by February 2002. |
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