Pirelli: Contract in Russia for a 2 Million Tyres Plant
Milan, 30 May 2002 - Pirelli has signed a contract worth about $10 million with JSG Nizhnekamskshina, the leading Russian tyre manufacturer that produces an annual ten million tyres. The contract calls for Pirelli to supply know-how and special equipment to enable the Russian company to increase its production capacity of radial car tyres by two million at its Nizhnekamsk factory in the Russian Republic of Tatarstan. The contract fits in the framework of an investment project worth around 60 million $ on the part of Nizhnekamskshina.
Financed primarily by the Tatneft oil group to which JSG Nizhnekamskshina belongs, under the contract Pirelli will, in particular, provide technology for the production of new car tyre sizes and basic engineering for the installation of plant, the supervision of production start-up, training of personnel and continuous technical assistance over the years to come.
The contract signed with JSG Nizhnekamskshina transmits a strong signal of the re-launch of relations and technological co-operation between Pirelli and the Russian industry, an activity initiated in the early Sixties that has always seen the Group in the vanguard of the process of industrial modernisation in the country. The first agreement was signed in 1961 with Techmashimport for the supply of know-how and equipment for the construction of a radial tyre plant. From that point on, initiatives have multiplied in which Pirelli has been the protagonist in the diffusion of new technology to the local tyre industry.
The assiduousness of relations between Pirelli and Russia was further recognised on 1 January 1985, when Pirelli obtained from the State Committee for Science and Technology accreditation - granted to very few western companies - that permitted the opening of the Group's Moscow Liaison Office.
Today, the signing of the contract with Nizhnekamskshina is a
prelude to a further step forward: Pirelli Tyres will open soon its
first commercial company in Russia.