Pirelli and Russian Technologies Finalize Transfer of Voronezh Tyre Plant from SIBUR

Pirelli & C. Spa and Russian Technologies today finalized the transfer of the Voronezh tyre plant from Russian petrochemical company SIBUR to the Pirelli-Russian Technologies joint venture. All payments under the deal will be made before 30 March 2012.

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.