The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by Italy’s Pirelli Tire S.p.A. and the Saudi Arabia’s Public Investment Fund. The US$550 million deal relates primarily to the production and sale of…
Tag: pirelli
Top European tyre makers targeted in EU raids
European Union (EU) antitrust regulators have undertaken unannounced raids on the offices of top European tyre manufacturers: Italy’s Pirelli, Germany-based Continental, France’s Michelin and Finland’s Nokian Tyres, as part of an investigation into a possible cartel deal. The European Commission,…
Pirelli opens R&D centre in Mexico
Italian tyre maker Pirelli recently inaugurated in Silao, Mexico, its first R&D centre in the country. This project has an investment of US$15 million, over a period of two years, and has an area of more than 6,000 sq m…
PIF, Pirelli to establish US$550 mn tyre plant in Saudi Arabia
The Public Investment Fund (PIF) and Italy’s Pirelli Tyre have officially tied up in an agreement to construct a tyre manufacturing facility in Saudi Arabia. PIF will have a 75% majority stake, with Pirelli holding the remaining 25% in the…
Pirelli to acquire Hevea-Tec, Brazil’s largest independent processor of NR
Italian tyre maker Pirelli has signed an agreement to acquire 100% of Hevea-Tec, the biggest independent processor of natural rubber in Brazil. The operation will be on the basis of an Enterprise Value of around EUR21 million, subject to the…
Pirelli launches tests of up to 500 kph for safety in tyres
Italian tyre maker Pirelli says it has installed a new machine in its R&D department that is capable of testing tyres at speeds of up to 500kph in controlled conditions, known as the High Speed Testing Machine. The main aim…
Pirelli revamps B2B tyre sales platform
Italian tyre maker Pirelli’s TyreClub+, Pirelli’s B2B tyre sales platform that was launched ten years ago, has been entirely revise, to make it easier and more efficient to use. Pirelli says “plenty of new functionality has been introduced, including real…
Pirelli opens digital solutions centre in Italy
Italian tyre maker Pirelli has opened its Digital Solutions Centre Pirelli (DSC) in Bari, Italy, said to be the first development centre entirely focused on digital innovation. Pirelli deems it as “an example of joint effort between the public and…
Pirelli to invest in boosting production capacity at Mexico site
Pirelli, an Italian tyre producer, proposes to invest US$36 million in its Silao, Mexico, manufacturing site to raise production capacity to 7.2 million tyres per year. A total of 150 new employment will be created as a result of the…
Pirelli, Blossom introduce rubber-enhanced skis
Italian tyre manufacturer Pirelli and Blossom Skis have partnered to produce a line of skis with a unique rubber compound, derived from the former’s motorsport tyres. A small layer of custom-made Pirelli rubber has been sandwiched into the fiberglass, wood…