Pirelli halts investments, ‘progressively limiting activities’ in Russia

Milan, Italy – Pirelli has signalled a reduction of activities in Russia, amid the ongoing war in Ukraine and continued supply-chain disruptions in the region. 

In a statement 17 March, Pirelli said that "activities of the factories in Russia will be progressively limited to those needed to guarantee the financing of salaries and social services for employees in Russia."

In the statement section, headed 'update on activities in Russia', Pirelli added that "investments in the local market, excluding those linked to security, have been halted."

Pirelli has also set up a “crisis committee” to monitor the development of the Russia-Ukraine crisis and the effectiveness of its mitigation actions and contingency planning.

Pirelli further stated that it was "against this war" noting that it is supporting the Ukrainian population with a donation of €500,000 and facilitating the collection of funds among employees.

According to ERJ’s Global Tire Report 2021, Pirelli operates two tire production facilities in Kirov and Voronezh, Russia.

The facility in Kirov employs 1,600 people and has a capacity to produce 6 million units of passenger car and light vehicle tires per year.

Pirelli took over JSC “Voronezh Tire Plant” as part of a joint venture with state corporation Rostek in 2012.

The unit employs 900 people and has a nameplate capacity of 2.3 million units of tires a year.