Pirelli Tyre S.p.A.
Company Profile
■URL
https://www.pirelli.com/global/en-ww/homepage
■Address
Business Overview
-The Company is a leading global tire manufacturer with a focus on premium automotive segments with higher technological content. The Company produces car, motorcycle, truck, bus, and agricultural tires.
-Within Original Equipment for Cars, SUV and light commercial vehicles, in Europe the company has market share of Premium customers of over 25% in 2021.
Shareholders
-In March 2015, China National Chemical Corporation (ChemChina) began the acquisition process of the Company for EUR 7.1 billion, which concluded in November 2015. The process eventually resulted into a reverse merger plan between the Company and the investment vehicle used by ChemChina to accumulate Company shares. The Company was delisted from the Milano stock exchange on February 25, 2016.
-From November 6, 2015 through May 31, 2016, Marco Polo Industrial Holding SpA, a subsidiary of China National Chemical Corporation, owned all of the ordinary shares of the Company.
-On October 4th, 2017, the company listed again to Milan Stock Exchange.
Products
-Summer tires
-Winter tires
-All season tires
-Run flat tires
-Self-sealing tires utilizing internal seal technology
-Tires with embedded electronics
History
1872 | Was established in Milan in 1872 by Giovanni Battista Pirelli. |
1901 | Started to manufacture passenger car tires. |
1948 | Started to manufacture the "Cinturato" radial tire. |
1963 | Acquired Veith tire company of Germany. |
1980's | Acquired Metzeler Armstrong. |
1990's | Implemented a restructuring program, including the divestment of non-strategic Diversified Products. |
1995-96 | Started and consolidated its international re-launching, a stage characterized by the development of new technologies, the introduction of new products and the opening up of new markets (Indonesia, 1995; China, 1996) |
2001 | The opening of Pirelli Labs. |
2005 | The Company opened its first tire production plant in China. |
2005 | A production plant of steelcord for tires was opened in Romania. |
2006 | The Company opened its first tire production plant in Romania. |
2008 | The Company and Russian Technology signed an agreement for a joint venture to start tire production in Russia, in the region of Samara. |
2009 | A new plant was opened in Romania for the production of anti-particulate filters. |
2010 | The construction of the first factory in Mexico was announced. |
2012 | Acquired the Voronezh tyre plant in Russia from Russian petrochemical company Sibur Holding. |
Feb. 2014 | Reached an agreement with N.V. Bekaert S.A. for the divestiture of the Company's steel cord activities. |
Nov. 2015 | China National Chemical Corporation completes acquisition of the Company. |
Feb. 2016 | Pirelli's delisting due to China National Chemical Corporation's acquisition. |
Oct. 2017 | Listed again to Milan Stock Exchange |
Sep. 2018 | Sold its tire factory in Guacara, Venezuela. |