Pirelli suspends further investment in Russia

Pirelli suspends further investment in Russia


 

RusAutoNews.- According to the company’s website, Pirelli has suspended the further investments in Russia.

Investments halted in Russia, excluding those linked to security. The activities of the factories will be progressively limited to finance salaries and services for employees,” stated in the press release.

The company has two tyre plants in Russia, in the cities Kirov and Voronezh, in partnership with the Russian state company Rostec.

The plants have been certified and manufacture tyres for Russian plants of such OEMs as Volkswagen, Skoda, KIA, Renault, Avtovaz. The tires are included in the standard configurations for such cars as Lada Vesta, Lada X-Ray, UAZ Patriot.

As previously announced, the Pirelli and Rostec were aiming to reach a total annual production number of 10 million tyres, by completing the modernisation processes of the two factories.