The 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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With eight patents selected from those conceded and 53 requests for patents deposited during the course of 2008, this year Pirelli also celebrated its innovative ability with the Awards for Inventions ceremony and the traditional presentation of gold and silver plaques.

Gold plaques for three product patents, two for the production process and three for materials were presented at the Castello degli Arcimboldi, Bicocca, on Thursday 26 November. The winners were 17 inventors of Pirelli Tyre and Parts, who received their plaques from the chairman of Pirelli, Marco Tronchetti Provera. Speakers who described the importance of the award-winning inventions were Francesco Gori, managing director of Pirelli Tyre and director general of Tyre and Parts, Pier Giovanni Giannesi, director of Industrial Property, and Maurizio Boiocchi, Pirelli Tyre Product director.

For the inventors of Pirelli Tyre, Pirelli Labs and Pirelli & C. Eco Technology, authors of the 53 patents deposited in 2008, there was the silver plaque ceremony on Monday 30 November in the Auditorium of the Pirelli Tyre Building, Bicocca. Speakers at that ceremony were Francesco Gori, Pier Giovanni Giannesi, Bruno Tronchetti Provera, managing director of Pirelli & C. Eco Technology, Maurizio Boiocchi and Enrico Albizzati of Pirelli Labs.

Pirelli Latin America has launched a quality week. A packed programme of activities concentrated on the subject of quality with a 360° approach is taking place from 9-13 November in the factories of Brazil, Argentina and Venezuela.

Guided visits of production, to the test facility at Sumaré, to Pirelli dealers and suppliers; the five days will also include special lessons devoted to ‘effective actions’ for quality and how to motivate a people toward their realisation.

An innovative way to manage the subject of quality. The main objective of this week is to increase the attention and knowledge of everyone concerning quality, which is an integral part of the companies’ daily lives.