Reducing Activities: company scaling back some business operations while continuing others

Wait Scaling Back

Pirelli is a multinational tyre manufacturer. The company is the 6th-largest tyre manufacturer and is focused on the consumer production of tyres for cars, motorcycles and bicycles.

Reducing Activities: company scaling back some business operations while continuing others

Wait Scaling Back
Revenue, mln.USD
407
Plants
2
Staff
4238
Capital, mln.USD
339
Taxes, mln.USD
60
Glob.Revenue, mln.USD
5636
Assets, mln.USD
351

Under an agreement of 2008 between Pirelli and Russian Technologies, a joint venture was created after Pirelli bought tire factories in Kirov and Voronezh from Sibur-Russian Tires.

The Company Statement
August 24, 2022

Suspend new investments in Russia and scale back production. 23.05.2022: The state corporation for the promotion of the development, production and export of high-tech industrial products "Rostec" Joint-Stock Company "Scientific and Research Institute of Rubber and Polymer Products" became the new founder of the organization, 28.03.2022: the financial reports for 2021 was deleted.

March 17, 2022Pirelli puts brake on Russian activities
March 17, 2022BOARD OF DIRECTORS OF PIRELLI & C. S.P.A. APPROVES RESULTS TO 31 DECEMBER 2021
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