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Investor Channel is the communication channel between Pirelli and the financial community. Analysts, shareholders and web users can use the channel for direct dialogue with the Group. The blog is moderated by Pirelli Investor Relations.


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PIRELLI REVEALS ITS "RUBBER SOUL" WITH AN EXHIBITION AT TRIENNALE DI MILANO

Pirelli reveals its “rubber soul” with an exhibition curated by the Fondazione Pirelli and hosted from June 21 to July 24 by Triennale di Milano museum. “L’anima di gomma – Estetica e tecnica al passo con la moda” (“Rubber Soul. Aesthetics and Technique in step with Fashion”) is the title of the exhibition that recounts the history of Pirelli clothing and its advertisements through original artwork and multimedia installations, from the time of the company’s foundation, at the end of the 19th century, to today. Over a century of industry and social customs distinguished by research applied to materials and processes, which characterize all Pirelli’s activities, illustrated across four exhibition spaces: one dedicated to walking (rubber soles and heels), one to clothing (outerwear and raincoats), one to the sea (bathing suits and other products for the beach and water) and one for Pirelli PZero, Pirelli’s current project of industrial design applied to clothing. Rubber takes the starring role and, in the form of small multimedia ball, guides the visitor through the exhibition, it illustrates the properties of a material which, through various processes, becomes tyres, elastic thread, fabric and object.

Beginning with the caucciù tree, “the tree that cries”, whose gum was used by the Maya as early as 500 A.D, the first three exhibition spaces are dedicated to the past using innovative multimedia representations and showing, for the first time since their recovery and restoration, original sketches of the twentieth century advertising for Pirelli signed by leading names in graphic design and photography nationally and internationally: Jeanne and Franco Grignani, Alessandro Mendini, Bruno Munari, Ugo Mulas, Ermanno Scopinich and others. This material, which constitutes an important body of work and is conserved in the Historical Archives of the Fondazione Pirelli, will for the first time be shown in public after its careful recovery and restoration. It will be a “premier” as it was only recently discovered during the archival process, even an advertisement from 1952 with Marilyn Monroe modelling bathing suits in Lastex, an elastic fibre of the time produced exclusively by Pirelli. The last room, in conclusion, is dedicated to the current Pirelli PZero.

The exhibition was launched today by the Chairman of Pirelli and of the Fondazione Pirelli, Marco Tronchetti Provera, and the President of the Triennale di Milano, Davide Rampello, together with Germano Celant, Alessandro Mendini and with a video commentary from Umberto Eco. “Exhibiting – Germano Celant commented – shifted from a “museum-like” collection of objects, exposed and illustrated, to a specific staging, to an exhibiting which is pure non-material communication, fed by highly technological media”. “There are no objects, but representations, so as to shift our focus from the tangible aspects of fashion to the level of dreams: a portrait image of fashion”, commented Umberto Eco, underling that “nowadays everything is multimedia, and in this way looking back on the past can be quite enjoyable”.



Info: 

Triennale di Milano, viale Alemagna 6 – Milano
June, 21 - July, 24 2011

- free entrance -

www.fondazionepirelli.org
www.triennale.org


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PEERS & MARKETS

The week 13 to 17 June was characterised by ups and downs on the main international markets (Milan -0.1%, London -0.9%, Frankfurt +1.3%, Paris +0.5%) with market focused on Greek debt.

Pirelli, in counter-trend with respect to the main peers and Piazza Affari (Milan Stock Echange -0.1%) closed at 6.76€, a rise of 1.5% with an average trading volume of 3 million per day.

During the week (14 June) Intermonte brought Target Price to 10€ per share (8.5€ the previous TP), the highest value ever assigned until now: the focus on premium, the price policy and a geographical positioning more open towards emerging markets – in particular in the Truck sector – will allow Pirelli to reach a profitability in line with Continental’s (with a forecast of 14% for Ebit margin in 2015). Similar drivers also brought Morgan Stanley (16 June) to confirm its strong recommendation to buy the stock(Buy, TP 9€).

The consensus Target Price was 8.22€, 96% the Buy percentage on a coverage of 22 analysts.

Note the publication of the figures on the tyre market for May (http://www.pirelli.com/web/investors/tyre_markets_trend/default.page) which underline a positive trend in the demand in Mercosur and Europe, an improvement with respect to April’s figures.

Categories: Peers & Markets


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INNOVATION IS IN OUR DNA

The National Award for Innovation was presented at Rome’s Quirinale Palace in the presence of the President of the Italian Republic, Giorgio Napolitano, and the Minister for Public Administration and Innovation, Renato Brunetta.
Among the protagonists was Pirelli, distinguished for its long industrial tradition together with its ability to innovate, quality of production and strength of its brand
The Pirelli MIRS Processes won the award for innovation in the industry and services sector (large industrial groups of international significance).
A prestigious award received by Dr. Marco Cantù, one of the inventors of the patent, in the presence of Gianni Mancini, who represented Pirelli as head of process innovations (Next MIRS).
The award was made for “the invention of a new tyre production process, starting with thin strips of rubber on a drum, which permit the maximum control of the geometry of the rubber placed on it and the phases of vulcanisation”.
The 2011 was the sixth such awards ceremony, which has as its principal objective the enhancement and support of the best innovative and creative ability of companies, universities, public administrations, bodies and individual inventors, also with a view to favouring the growth of the culture of innovation in Italy.

Categories: Innovation


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