Pirelli Set to Build New Russian Plant

Pirelli signed a letter of intent with Russian Technologies in June to set up a joint venture building a new tyre-building facility in Tol’yatti, Russia. The deal is expected to be sealed on 7 August in Moscow for the building of the 1,500-job plant.

Early figures released to news sources suggest that the manufacturing plant will produce between 3 and 3.5 million car tyres alongside 700,000 truck tyres per anum. The joint venture projects an annual turnover of $100 million.