Pirelli Tyre S.p.A.

Company Profile

■URL

https://www.pirelli.com/global/en-ww/homepage

■Address

Viale Piero e Alberto Pirelli n. 25, 20126 Milan, Italy

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.

-In the fiscal year ended December 31, 2024, sales from the Original Equipment sector accounted for 23% of the Company’s total revenue. Through a consolidated partnership with leading car manufacturers, the Company’s High Value tires secured over 300 approvals in 2024, with about 90% for tires greater than or equal to 19 inches and over 50% for EV tires.

Shareholders

-The company is listed on Euronext Milan stock exchange.

(As of December 31, 2024)

Direct shareholder	% of share capital
Marco Polo International Italy S.r.l.	37
Camfin S.p.A.	14.8
Longmarch Holding S.r.l.	3.7
Camfin Alternative Assets S.r.l.	7.9
Other	36.6
Total	100

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Products

-Summer tires
-Winter tires
-All season tires
-Run flat tires
-Self-sealing tires utilizing internal seal technology
-Tires with embedded electronics
-EV tires

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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.
Nov. 2023	Inaugurated its first R&D center in Silao, Guanajuato, Mexico.
Dec. 2023	Opened the Virtual Development Center (VDC) at its Breuberg site in Hesse, Germany.
Jan. 2024	Acquired Hevea-Tec, the natural rubber producer in Brazil.