Pirelli
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Pirelli is a multinational tyre manufacturer. The company is the 6th-largest tyre manufacturer and is focused on the consumer production of tyres for cars, motorcycles and bicycles.
Business in Russia
Under an agreement of 2008 between Pirelli and Russian Technologies, a joint venture was created after Pirelli bought tire factories in Kirov and Voronezh from Sibur-Russian Tires. The Italian tire manufacturer has rejected allegations by American tire manufacturer Grizzly Research that it has influenced the Russian market. Pirelli said the content of the Grizzly Research report “does not reflect the truth” and announced plans to take legal action “in all jurisdictions against those who spread this false information.” Grizzly Research, which disclosed its short position in the company, claimed that, according to Russian reports, approximately 10% of Pirelli’s net profit comes from operations in Russia. This contrasts with Pirelli’s claim that 6% of revenues come from Russia, the Middle East, Africa and India combined. Pirelli responded that it does not manufacture tires for military use, saying that this information “has long been communicated to the relevant Italian authorities.”
Decision trail
Decision date 24/08/2022 · Reference ↗
Suspend new investments in Russia and scale back production. 23.05.2022: The state corporation for the promotion of the development, production and export of high-tech industrial products "Rostec" Joint-Stock Company "Scientific and Research Institute of Rubber and Polymer Products" became the new founder of the organization, 28.03.2022: the financial reports for 2021 was deleted. 27.01.2023: One of the three legal entities (JSC "KIROV TIRE PLANT") was liquidated. Revenue increased in 2024 vs 2023.
Local stats (LeaveRussia)
Status history since 2022
- 03/08/2026 — operating · Imported from KSE LeaveRussia
Exposure profile
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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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