Italian tire manufacturer Pirelli stops the investing in Russia. The work of factories in Russia will be gradually limited by those activities that are necessary to ensure the payment of wages and social services for employees. Pirelli's facilities in Kirov and Voronezh have about 10% of the company's global tire output.
22 march 2022, 08:27
Italian company Pirelli intends to increase investment in Russia, despite the sanctions. It was stated by Chairman of the Board of Directors of Marco Company, Tronchetti Provera, by noting that he is not afraid of the current economic situation in Russia.
6 october 2014, 17:06
The oil company "Rosneft" has completed the acquisition of 50% stake in Camfin SpA, which owns 26.19% stake in the Italian tire manufacturer Pirelli & C. SpA. The company acquired the shares for 758 million euros (12 euros per share).
18 july 2014, 16:41
The oil company “Rosneft” agreed with an international consortium under the Fund “Klessidra”, banks Unicredit and Intesa about the purchase of 50 percent share of the company, which owns 26.19 % stake in the Italian tire manufacturer Pirelli & C.
19 march 2014, 17:21
State Corporation “Rosteh”, the company “Rosneft” and Pirelli signed a memorandum of understanding, which involves the joint development of advanced materials for the production of tires.
4 december 2013, 16:21
Italian company Pirelli bought 15 % of Pirelli Tyre Russia - a joint venture with the State Corporation “Rosteh” - for 33.9 million euro at the financial group GHP (earlier Fleming Family & Partners).
25 november 2013, 16:19
Italian tire manufacturer of Pirelli plans to invest in its own plants worldwide up to 1.6 billion euros before 2017, among which 6 % (about EUR 96 million) will come to Russia.
18 november 2013, 15:33
The company Pirelli Tyre Russia (JV Pirelli, GC “Rostekh” and the group GHP) increased its revenue in Russia by 8% to EUR 135.5 million from January till June of 2013, including the share of Italians in the turnover of the joint venture and the sale of imported tyres.
21 august 2013, 13:47
Pirelli has invested EUR 99.8 million in the modernization of production at the Kirov tyre plant. It was announced by the CEO of “Pireli Tyre Russia”, Carlo Costa, during the launching ceremony of new rubber mixing shop in the plant.
20 june 2013, 16:21
The total investment volume of Pirelli in modernization of Kirov tyre plant will be about 100 million Euros. The tripartite agreement was signed by governor of Kirov region, Nikita Belyh, the acting General Manager of Pirelli in Russia, Gian Andrea Guglelmin, and General Manager of “Kirov tyre plant”, Valerii Nikolaev.
2 may 2012
It was informed in July of 2011 that "Sibur" gives industrial assets for 222 million Euros to the joint venture of Italian company Pirelli and GC "Rostechnologii".
16 december 2011, 11:55
Italian tyre holding Pirelli will invest over 400 million euro in Russia, having bought the plants in Voronezh and Kirov, which were a part of Amtel holding. Due to this, the Italian company intends to produce 8.5 million tyres in Russia and to earn 300 million euro next year. By 2014 Pirelli is planning to produce 10.5 million tyres per year, at that mostly with its own brand.
11 november 2011