The Bicocca group sees revenues growing further in 2023 as well. A positive exchange effect is also helping. Margins are down
Pirelli and the Milan Polytechnic have renewed the Joint Labs research program aimed at technological innovation in tyres
The American giant has acquired the competitor Cooper in a cash and stock transaction - A giant with a turnover of more than 17 billion dollars will be born
Ban on foam cans to repair punctured tyres. Too much "collateral damage". Let's try to use a definitive repair kit - VIDEO
Pirelli will have the operational management of the plant and will acquire a 49% stake in the JV for approximately 65 million euros with the right to increase it up to 70% in the period between 1 January 2021 and December 2025.
Investments will be aimed at the constant modernization of local production plants - as demonstrated by the Bahia pole presented today - and at the development of High Value (Prestige, New Premium, Specialties and Super Specialties tyres)
Pirelli closed 2017 with a net profit of 175,7 million, an increase compared to 147,6 million in 2016. Revenues also increased, which marked an increase of 7,6% to 5,352 billion euros, slightly below the consensus of…
In the first nine months of 2017, Pirelli recorded revenues up by 9% to over 4 billion, and profits also grew - The performance was driven by the top tires compared to the standard ones - All markets are growing,…
Pirelli tires become Chinese - ChemChina announces the purchase of 26,2% of Pirelli from Camfin for 1,85 billion and confirms that it will launch the takeover bid on Pirelli together with the shareholders at 15 euros - The chairman of the new Pirelli will be Chinese, the …
Pirelli announces that it has signed a memorandum with Egypt for the expansion and technological enhancement of the factory of the subsidiary Atco in Alexandria - The investment over the course of three years.
The tire company has announced the decision to close the Modugno plant in the province of Bari - "We will work to minimize the social impact as much as possible on the approximately 950 employees involved".
In the fourth quarter, the Japanese company, the world's largest tire producer, recorded profits of 55,7 billion, up 165% on the same period of the previous year.
Together with its partner Russian Technologies, Pirelli has announced the start of production of a second line of tires in Voronezh - Approximately 56 million euros have been invested to renew the plant - Tronchetti Provera: "Russia strategic market for the group".
The agreement between the two groups, signed by Marco Tronchetti Provera and Igor Sechin, provides for the sale of Pirelli tires at 1.700 Rosneft service stations - The two companies intend to pursue common marketing strategies, in particular…
The tire company has communicated the results for the first quarter of the year: revenues +11,1% compared to the same period of 2011 and consolidated operating profit post restructuring charges up 46%.
According to the Lex Column of the British financial newspaper, this is due to cost cutting "which is going in the right direction" and the price of natural rubber "reduced by a third from its peak a year ago".
In 2011, the French tire manufacturer recorded a boom of 1,46 billion euros, with particularly enthusiastic results in Europe (+35% sales) and in the USA (+56%).
President Tronchetti Provera christened the new tires that will be used in the next Formula One World Championship in Abu Dhabi - More square shape, microchips and softened compounds that will make the single-seaters 1,5 seconds faster…