Pirelli signs research MoU with Russian partners

Russian government-owned oil company Rosneft and state corporation Rostec (Russian Technologies) have entered into a Memorandum of Understanding with Pirelli. Under the MoU, signed on 26 November, the three parties agree to the joint research and development of materials to be used in tyre manufacture.

The memorandum was signed by Pirelli chairman and CEO Marco Tronchetti Provera, Rosneft management board president and chairman Igor Sechin and Rostec State Corporation general director Sergei Chemezov. According to Pirelli, materials to be developed as part of the three entities’ collaborative efforts include synthetic rubber, fillers such as carbon black and reinforcing materials. All will be developed in compliance with Pirelli’s technical standards, the Italian company adds.

“Russia is of strategic importance to Pirelli and this three-way operation shows our commitment to the country growing deeper,” stated Tronchetti Provera. “It is also an opportunity for Pirelli to take advantage of the great expertise and experience of its two Russian partners.”

Commenting on the signing, Igor Sechin said: “the realisation of this project will help Rosneft and its potential industry partners with the participation of Pirelli and Rostec to organise an efficient production of the most advanced, high quality materials, elaborated by state of the art technologies. These products will comply with highest economical and ecological standards and correspond to the most sophisticated customer needs.”

“Enterprises of Rostec State Corporation are deeply integrated into the global economy,” said Sergey Chemezov. “The partnership with Pirelli and Rosneft in the sphere of development of new materials allows Rostec firmly establish itself in the global market section. Commercialisation of research and development results is one of the priorities of the corporation. Extension of cooperation in this sphere will give the opportunity to realise the potential of research institutions that are part of Rostec and to use the knowledge of Russian scientists.”