Moscow – Pirelli C & SpA and Russian state-owned Rostec have signed a €100-million agreement to double production at the Voronezh tire manufacturing plant, according to press.
Italian news agency Agenzia Nova reported 24 Oct that the agreement was signed during the Italian prime minister Giuseppe Conte visit to Moscow.
As reported by ERJ, Pirelli signalled plans to invest in the Voronezh tire plant last July, saying it aimed to double production capacity to 4 million units a year.
Pirelli took over JSC “Voronezh Tire Plant” as part of a joint venture with state corporation Rostek in 2012 and has since invested more than €110 million in modernisation of the 70-year-old plant.
The plant now develops and produces premium segment passenger tires in rim diameters ranging from 16 to 21 inches, for both the Russian replacement and OE markets and for export to markets in East and West Europe.