Pirelli, Rosneft and Rostec sign MOU for joint research and development

ERJ staff report (TP)

Milan, Italy − Rosneft, Rostec (Russian Technologies) and Pirelli signed a Memorandum of Understanding on 26 November with regard to a joint research and development agreement in the area of materials to be used in the manufacturing of tires.

The press release said that the memorandum was signed by Igor Sechin, President and Chairman of the Management Board at Rosneft, Marco Tronchetti Provera, Chairman and CEO of Pirelli and Sergei Chemezov, General Director of Rostec State Corporation.

The tire manufacturing materials would include synthetic rubber, fillers such as carbon black and reinforcing materials, all developed in compliance with Pirelli’s high technical standards.

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

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Press release from Pirelli