investors


Pirelli Tyre


2009-2011 Industrial Plan Target

2009-2011 targets are: competitive strengthening of its business, profitability and cash generation increase (250 mln € in 2010-2011).


Strenghts:
  • Speed and flexibility. Pirelli Tyre timely reacted to the economic downturn by launching in 2008 a restructuring program to adjust its production capacity to the new market scenario.

  • Industrial positioning. 76% of Pirelli Tyre sales are concentrated in the Replacement business that is the least affected by the crisis of the automotive sector.

  • Geographic positioning. The Group is already in China, where start-up is over, in Latin America, Egypt, Turkey, Romania and Russia and it will further rationalize its manufacturing sites. More specifically, the industrial business already accounts for 87% of Pirelli's production which is concentrated in low cost countries. This is a unique competitive advantage vs the average of the 4 major competitors that concentrate only 50% of their production in these countries.

  • Innovation. The evolution of Mirs, Pirelli's robot-driven system for tyre production, will further develop through the use of new environmental-friendly materials. This will bring about both environmental and production costs benefits. "Green tyres", in line with new environmental standards, will be developed for a number of business segments.


www.pirellityre.com