Pirelli’s investment project in the Kirov region

April 27, 2012

Today, the tripartite agreement signed by the Governor of the Kirov region NY White, acting General Director of Pirelli in Russia Gian Andrea Guglelmin and General Director of JSC "Kirov Tyre Plant" VY Nikolaev.

In 2011-2015,. , Pirelli will invest in the region in the implementation of the investment project "Creation of an enterprise, the appropriate standards of Pirelli» about 100 million euros. Kirov Region Government, in turn, under the current legislation would JSC "Kirov Tyre Plant" and the Pirelli government support in the implementation of the investment project.

The project is linked to the modernization and technical re-equipment of the Kirov Tyre Plant for the production of standard company Pirelli. The purpose of the project — increasing the share of products that will be sold under the brand Pirelli — Tires fundamentally different quality, with higher added value and better.

If now only about 7 percent of the production of the Kirov Tyre Plant correspond brand Pirelli, within the limits of the investment project, by 2015 this proportion will increase to 38 percent.

 

REFERENCE. In April 2011, the property complex of "HQ" Amtel-Volga region "as part of the replacement of assets created by JSC" Kirov Tyre Plant "with registered capital of 354 million rubles. Employees of "HQ" Amtel-Volga region "were transferred to a newly created company.

As a result of electronic trading 100 percent. ordinary shares of JSC "Kirov Tyre Plant" acquired OOO "Voronezh Tyre Plant" (controlled by JSC "SIBUR Holding"). In December 2011, closed a deal between JSC "SIBUR Holding" and the joint venture between Pirelli Tyre SPA and the State Corporation "Russian Technologies" for the sale of shares of JSC "Kirov Tyre Plant".

In 2011, the company produced products worth more than 7.7 billion rubles. The average number of employees during 2011 was 2,792 people.

The main areas of investment project "Modernization of JSC" Kirov Tyre Plant "under the standard of the company Pirelli» are: construction of rubber mixing plant, modernization of the test laboratory, the installation of new lines of quality inspection, the establishment of a modern laboratory for quality control, reconstruction of exhaust systems in preparation shop.

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