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PIRELLI’S 2013-2017 INDUSTRIAL PLAN WILL BE PRESENTED IN NOVEMBER

The decision was taken in order to provide better visibility on the medium-long term context of reference

Pirelli announces that the presentation of the 2013-2017 Industrial Plan, initially scheduled for May 8th, 2013, will take place in November of 2013, following the presentation of the results for the nine months ending September 30th, 2013. The decision was taken to provide better visibility on the context of reference and enable the preparation of coherent medium-to-long term forecasts, taking into account that the macro-economic and business context in which Pirelli operates is in significant and continuous evolution, more markedly so in recent times.

In rapidly developing markets and the United States, in particular, Premium demand is growing at a rate around three times faster than that of global demand for car tyres. In Europe, on the other hand, the persisting economic crisis is having a clear impact on consumption and therefore on the demand for tyres, even Premium ones.

In such a context, at the European market level, Pirelli is carrying out a significant review of its commercial structures. This entails, among other things, a growing integration of high-end European production capacity with the markets that present the greatest demand for Premium products.

The 2013 targets, announced to the market on March 11th, 2013, with the presentation of the 2012 results, remain unchanged.

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The Faces of the Company on Display at Settimo Torinese

Workers, engineers, managers, and researchers are the stars of the company’s efforts. People who create, sell and innovate in order to manufacture the products of today and tomorrow.

It is to them that the photography exhibit ‘Workers’ is dedicated. The exhibit was organised by the Pirelli Foundation and depicts the entrepreneurial and technological soul of Pirelli’s Settimo Torinese facilities through the faces of the men and women who work there. Seventy faces will be on display from 12 September to 10 October at La Giardinera, Settimo Torinese, faces that show intelligence, energy and skill, as well as pride in the good work they do for Pirelli.

Workers
The history and future of Pirelli in Settimo Torinese in the faces of those who make it
A Pirelli Foundation project
Photos by Carlo Furgeri Gilbert

La Giardinera, via Italia, 90 bis – Settimo Torinese
Thursday & Friday, 3pm to 7pm
Saturday & Sunday, 10am to 12 noon / 3pm to 7pm
Admission is free
www.fondazionepirelli.org


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The Pirelli Russia project grows with Rome’s agreement

sust_russiaThe acquisition of an already existing factory in addition to building a new industrial plant
Today, Pirelli and Russian Techonologies signed in Rome a new agreement for the production of tyres and steelcord in Russia.

 

In addition to the plan already announced by the Parties to build a new industrial plant in the Russian region of Samara in the second half of 2010, the new agreement foresees the acquisition of an already existing factory, which is currently being identified among some potentially interesting Russian enterprises. It is foreseen that the acquisition will take place in 2010.

The agreement was signed today in Rome in the presence of Russian President Dmitry Medvedev and Italian Prime Minister Silvio Berlusconi, by the Director General of Russian Technologies Sergey Chemezov and the Chairman of the Pirelli Group Marco Tronchetti Provera.

 The new industrial hub will be established on the territory of Togliatti industrial technology park (Samara region).

 The hub establishment will begin as soon as the Russian authorities make the decision on the area for production of automotive components, which is expected in the second half of 2010. The new factory will be built in two phases. In the first phase a factory for radial tyres for industrial vehicles will be built. The second phase foresees a factory to manufacture steelcord. At full capacity, the industrial hub will employ about 1500 workers.

 In the five-year period, the new factories together with the expected acquisition will guarantee manufacturing capacity of more than 4 million pieces, as foreseen by the initial plans. Total resources to be committed by the joint venture, in line with what has already been announced, will amount to about 300 million euros. 
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