Pirelli Tyre S.p.A.
-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 23%.(from Annual report 2017)
-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.
-As of June 1, 2016, the Company is wholly owned by China National Chemical Corporation through Marco Polo International Holding Italy SpA. This was a consequence of the merger which was agreed upon in December 2015.
-On October 4th, 2017, the company listed again to Milan Stock Exchange.
-All season tires
-Run flat tires
-Self-sealing tires utilizing internal seal technology
-Tires with embedded electronics
|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.|
Supplemental Information 1
>>>Business Report FY ended Dec. 31, 2007
>>>Business Report FY ended Dec. 31, 2008
>>>Business Report FY ended Dec. 31, 2009
>>>Business Report FY ended Dec. 31, 2010
>>>Business Report FY ended Dec. 31, 2011
>>>Business Report FY ended Dec. 31, 2012
>>>Business Report FY ended Dec. 31, 2013
>>>Business Report FY ended Dec. 31, 2014
>>>Business Report FY ended Dec. 31, 2015
Archives of Past Exhibits
Note: A figure in brackets ( ) indicates a loss.