Pirelli & C SpA in Joint Venture with Russian Technologies Launches Second Production Line at Voronezh

Pirelli & C SpA announced that, together with Russian Technologies, it has launched on January 30, 2013 a second production line at their joint venture’s Voronezh plant in southwest Russia. The new production line – Voronezh 2 – has been upgraded to Pirelli’s technological standards and will enable the production, from March 2013, of the compounds needed to produce Pirelli high performance tyres, especially for the Winter segment. The plant’s modernization included the installation of new equipment, fully compliant with Pirelli’s standards, and required an investment of approximately EUR 56 million in 2012. The total investment in Voronezh will therefore be EUR 100 million, as already announced to the market by Pirelli in the Company's three-year industrial plan.