«SIBUR» LLC is the managing organization of PJSC «SIBUR Holding».
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Subscribe to newsToday the state corporation «Rostechnologii», the OJSC «SIBUR Holding» and the Italian company «Pirelli» signed a memorandum of understanding (MOU) to conclude a series of deals on joint activities in the tyre industry and steelcord production, as well as in the sphere of
This document announces joint activities between «Rostechnologii» and «Pirelli» in reorganising and improving the effectiveness of the tyre business of SIBUR, one of the major players in the Russian petrochemical industry. This memorandum provides for the involvement of the assets of «SIBUR- Russian Tyres» in creating two joint ventures, established with the companies «Pirelli» and «Rostechnologii» (joint venture 1 and joint venture 2). The first joint venture will involve the assets of
The second joint venture will receive assets for the production of automobile tyres for the industrial sector (delivery for their configuration), as well as tyres for
The partners shall also conclude agreements in the sphere of the production and supply of synthetic rubber, according to which SIBUR shall, on a
SIBUR’s tyre business will have access to the modern technologies of «Pirelli», which, along with industrial support from «Pirelli», will make the tyre business more efficient. Close cooperation between the partners with respect to supplying raw materials should facilitate the creation of new types of synthetic rubbers to be used in improvement the quality of the tyre products.
The resultant synergies between automotive producers, tyre manufacturers and synthetic rubber producers should result in the production of modern products and a strengthened position of Russia’s tyre and automotive industries.
In addition, according to the memorandum, «Pirelli» and «Rostechnologii» will build a production plant in the Samara region — in the special economic zone (SEZ) of Togliatti — which will be dedicated to producing metal cord used in the steel radial tyres. A project for the construction of a plant for the production of super large tyres should also be elaborated.
This new partnership does not rule out the possibility of the continued strategic partnership with the company Tatneft, in particular with its tyre business, as outlined in the documents previously signed between SIBUR and Tatneft.
At the signing ceremony of the MOU, the
The President of «Pirelli», Marco Tronchetti Provera, noted, «the Memorandum signed today significantly accelerates our entry into the Russian market compared with our initial plan, and it corresponds with our financial projections for 2011–2015. Russia is a key market in our development strategy. The cooperation announced today with such major companies as „Rostechnologii“ and SIBUR will allow us to participate in improving the efficiency and consolidation of the Russian tyre market and it will provide an advantage in terms of organising joint activities using the most advanced technical equipment in the industry.»
The Chairman of the Board of Directors of the OJSC «SIBUR Holding», Alexander Dyukov, stressed that «a partnership with one of the world’s leading tyre manufacturers and the largest Russian company in the automotive sector opens up new prospects for SIBUR in terms of the tyre business. The following possible consolidation of the Russian tyre industry, using advanced technologies from western countries, will increase the competitiveness of our national economy and enable SIBUR to increase the capitalisation of its investments in this segment.»
Reference information:
The state corporation «Rostechnologii» was established in accordance with federal law of the Russian Federation. The purpose of this corporation is to promote the development, production and export of
SIBUR is the leader on the petrochemical market in Russia and Eastern Europe, providing
The Holding unites enterprises in 20 regions of Russia with a total of more than 50,000 employees. Management is structured according to a
The company «Pirelli and C SpA» is a parent company, registered on the Italian Stock Exchange as part of an international group operating in 160 countries, and has a rich experience of more than 135 years in the sphere of manufacturing. The company «Pirelli Tyre» is the
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