Sibur sells Voronezh tyre plant to Pirelli JV

ERJ staff report (DS)

Moscow – Pirelli & C. SpA and Russian Technologies have finalised the transfer of the Voronezh tyre plant from Russian petrochemical company Sibur to the Pirelli-Russian Technologies joint venture. T

This follows the transfer, also from Sibur, in December of the Kirov tyre plant. The joint venture has invested a total of 222 million euros in the transfer operations and will spend a further 200 million from 2012 to 2014 on plant improvement and business development. Annual revenues are expected to be around…

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