MONTEREY, Calif.—Looking to leverage the publicity that the annual Monterey Car Week for vintage automobiles generates, Pirelli Tire North America sponsored “Concorso Italiano,” said to be the largest gathering of luxury and exotic Italian cars worldwide.
Milan, Italy – Pirelli & C. SpA has revised its financial outlook for the year 2019, as the original equipment market continues to remain weak and amid competitive pressure on prices in standard segment.
In its quarterly financial statement 1 Aug, the Italian consumer tire producer said it expected the tire market to fall by 1.2%, versus the previous estimate of flat.
Milan, Italy – Major shareholders in Pirelli & C. SpA have agreed to maintain the tire company’s ownership structure until 2023, they announced 30 July.
Shareholders are to sign an agreement 1 Aug to keep the shareholder structure which has been in place since August 2017, said Camfin and Marco Tronchetti Provera (Camfin/MTP) in a release.
Pirelli has announced the launch of its new Scorpion Verde All Season Plus II.
The new addition expands the range of its all-season tires that are designed specifically for SUVs and Crossovers for the North American market.
Pirelli’s new Scorpion Verde All Season Plus II is an enhanced eco-friendly CUV/SUV Touring All-Season tire created for owners of crossovers, sport utility vehicles and pick-up trucks.
Pirelli may be synonymous with traditional ideas of high performance, but in 2019 the tyre manufacturer is increasingly adapting what this segment of the market can mean. Earlier in 2019, Pirelli reported that tyres made according to the company’s Green Performance strategy had risen from 20 per cent a decade ago to 29.8 per cent in 2018 – not only that, but Green Performance tyres accounted for 57.5 per cent of Pirelli’s High Value product sales.
London – Speakers from Bridgestone, Pirelli, Continental, Tokyo Institute of Technology and the University of Twente will be among the high-profile participants in this year’s International Rubber Conference (IRC2019) in London.
Being held 3-5 Sept at the Oval cricket ground, IRC2019 will feature 160 talks scheduled over four sessions each day, according to the Institute of Materials, Minerals and Mining (IoM3).
MILAN — Pirelli C. & S.p.A. is planning to consolidate its operations in Brazil, with one possible plant closure in the offing and the commitment of $136 million in investments over the coming two years.
The “reorganization of production structure” would involve the transfer of motorcycle tire production to Pirelli’s plant in in Campinas, Sao Paulo — which currently manufactures car tires only — from its plant in Gravataí, Rio Grande do Sul, thus creating an industrial hub for car, moto and motorsport tires to serve the Latin American markets.
The move likely would result in the closing of the 43-year-old …
Prometeon Tyre Group has signed an agreement for the amendment, restatement and extension of its 600 million euro senior financing, underwritten in March 2017, originally with a three-year duration. The new agreement allows the extension of the final maturity to March 2021 (with the possibility to further extend it to March 2022 at Prometeon’s discretion) at conditions in line with the current market.
The U.S. Tire Manufacturers Association (USTMA) awarded seven tire manufacturers with a 2019 Sustainability Award for Safety and Health for their work in advancing occupational health and safety.
“USTMA members share an aspirational vision for the U.S. tire manufacturing industry of zero injuries and illnesses in the workplace,” said Anne Forristall Luke, USTMA president and CEO.
Pirelli has announced that it equipped the ‘gullwing’ Mercedes 300 SL with its Cinturato CA67 tire at the 2019 tribute to the historic Milan to Sanremo race.
Besides being the first sporting tire in modern history, the Cinturato is Pirelli’s longest-standing brand, featuring on posters and in company adverts for decades. Sold as the CA67 from the early 1950s, the Cinturato was first developed as “tread pattern 367”.