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PIRELLI, ROSNEFT AND OIL TECHNO SIGN MOU FOR RESEARCH AND DEVELOPMENT OF SYNTHETIC RUBBER IN ARMENIA

Rosneft, Oil Techno and Pirelli have signed a Memorandum of Understanding for joint research and development relating to synthetic rubber, in particular Styrene-Butadiene Rubber (SBR), in Armenia.

Under the terms of the MOU, Rosneft will be the leading investor in the SBR operation in Armenia and Oil Techno will be the local partner. For its part, Pirelli will cooperate jointly with Rosneft in research and development activities to develop SBR and is interested in entering into a long-term supply agreement to purchase the SBR produced. An eco-friendly material, SBR is used in the production of “Green tyres”, contributing to improved fuel efficiency and grip in both wet and dry conditions.

Igor Sechin, President and Chairman of the Management Board of Rosneft, said: “the realization of the project will promote the revitalization of rubber industry in Armenia and will help strengthen Armenia’s economy and industrial capabilities to compete in world market. Moreover this memorandum is an example of strengthening ties between Armenia and Russia following trade agreement ratification”.

The head of Pirelli Russia, Aimone di Savoia said: “This MOU to develop a new source of synthetic rubber is another sign of our commitment to and belief in Russia and the Russian market. It is also the fruit of our growing relationship with Rosneft, one of our key partners in the region.”

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PIRELLI, ROSNEFT AND ROSTEC SIGN MOU FOR JOINT RESEARCH AND DEVELOPMENT OF TYRE MANUFACTURING MATERIALS

Rosneft, Rostec (Russian Technologies) and Pirelli today signed a Memorandum of Understanding with regard to a joint research and development agreement in the area of materials to be used in the manufacturing of tyres.

The memorandum was signed by Igor Sechin, President and Chairman of the Management Board at Rosneft, Marco Tronchetti Provera, Chairman and CEO of Pirelli & C. S.p.A. and Sergei Chemezov, General Director of Rostec State Corporation.

The tyre manufacturing materials would include synthetic rubber, fillers such as carbon black and reinforcing materials, all developed in compliance with Pirelli’s high technical standards.

Pirelli’s Tronchetti Provera said: “Russia is of strategic importance to Pirelli and this 3-way operation shows our commitment to the country growing deeper. It is also an opportunity for Pirelli to take advantage of the great expertise and experience of its two Russian partners.”

Commenting on the signing, Igor Sechin said: “the realization of this project will help Rosneft and its potential industry partners with the participation of Pirelli and Rostec to organize an efficient production of the most advanced, high quality materials, elaborated by state of the art technologies. These products will comply with highest economical and ecological standards and correspond to the most sophisticated customer needs.”

“Enterprises of Rostec State Corporation are deeply integrated into the global economy – said Sergey Chemezov – The partnership with Pirelli and “Rosneft” in the sphere of development of new materials allows Rostec firmly establish itself in the global market section. Commercialization of research and development results is one of the priorities of the corporation. Extension of cooperation in this sphere will give the opportunity to realize the potential of research institutions that are part of Rostec and to use the knowledge of Russian scientists”.

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Pirelli included in the Euronext-Vigeo Eurozone 120 Index

Today Vigeo and Euronext communicated the results of the half-yearly revision of their Indexes dedicated to the sustainability of listed companies.

Pirelli entered the Euronext-Vigeo Eurozone 120, which includes European market listed companies that achieved the highest sustainability ratings in their reference universe.



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