Pirelli

Not to be confused with V-Rally.

Pirelli & C. S.p.A.
Company typePublic
BIT: PIRC
ISINIT0005278236
IndustryAutomotive
Founded28 January 1872; 152 years ago (1872-01-28)
Milan, Italy
FounderGiovanni Battista Pirelli
Headquarters
Milan
,
Italy 45°31′10″N 9°12′40″E / 45.5195317°N 9.2111299°E / 45.5195317; 9.2111299
Area served
Worldwide
Key people
ProductsTyres for cars, motorcycles, and bicycles
Revenue€6,615.7 million (2022)
€595.6 million (2022)
€435.9 million (2022)
Total assets€13.897 billion (2022)
Total equity€5.454 billion (2022)
Owners
  • Marco Polo International Italy S.r.l. (ChemChina) (37.01%) (China)
  • Investitori istituzionali italiani (27.32%) (Italy)[1]
  • Camfin S.p.A. (Marco Tronchetti Provera) (14.1%) (Italy)
  • Silk Road Fund (9.02%) (China)
  • Tacticum Investment S.A. (5.64%)
  • LongMarch (3.68%) (China)


Number of employees
31,301 (2022)
SubsidiariesPirelli Tyre S.p.A.
Websitepirelli.com/global/en-ww/homepage
Footnotes / references
[2]

Pirelli & C. S.p.A. is an Italian multinational tyre manufacturer based in the city of Milan, Italy. The company, which has been listed on the Borsa Italiana since 1922,[3] is the 6th-largest tyre manufacturer,[4] and is focused on the consumer production of tyres for cars, motorcycles and bicycles. It is present in Europe, the Asia-Pacific, Latin America, North America, and the post-Soviet states, operating commercially in over 160 countries. It has 19 manufacturing sites,[5] across 13 countries, and a network of around 14,600 distributors and retailers.[6] In 2015, China National Chemical Corp. Ltd. (ChemChina) took controlling interest of Pirelli; with the Chinese state-owned company agreeing to maintain the tyre company's ownership structure until 2023.

Pirelli has been sponsoring sport competitions since 1907 and is the exclusive tyre partner and supplier for the Grand-Am Rolex Sports Car Series for 2008–2010, FIA Formula One World Championship for 2011–present and for the FIM World Superbike Championship.[7] Pirelli's headquarters are located in Milan's Bicocca district. Pirelli is now solely a tyre manufacturing company. In the past, it had been involved in fashion and operated in renewable energy and sustainable mobility.

On 4 October 2017, Pirelli returned to the Milan Stock Exchange[8] after focusing its business on pure consumer products (tyres for car, motorcycles, and bicycles) and related services, and separating the business of industrial tyre.[9] Pirelli's eponymous calendar has been published since 1964, and has featured the contributions of many famous photographers over the years such as Helmut Newton, Steve McCurry, Peter Lindbergh, Richard Avedon, Bruce Weber, Herb Rits, and Annie Leibovitz. The company's US-based headquarters are located in Rome, Georgia.

  1. ^ "Pirelli & C". borsaitaliana.it. borsaitaliana.it. Archived from the original on 6 December 2021. Retrieved 18 June 2023.
  2. ^ "Annual Reports 2022". Pirelli. 12 April 2023. Archived from the original on 14 May 2023. Retrieved 14 May 2023.
  3. ^ "Pirelli Company Profile" (PDF). Borsa Italiana. Archived from the original (PDF) on 1 March 2014. Retrieved 21 February 2013.
  4. ^ "Largest Tire Manufacturers in the World". Car logos. 30 April 2020. Archived from the original on 25 June 2020. Retrieved 22 June 2020.
  5. ^ "Pirelli – About us". Archived from the original on 26 June 2017. Retrieved 29 June 2017.
  6. ^ "Pirelli Company Presentation" (PDF). Pirelli. Archived (PDF) from the original on 18 May 2018. Retrieved 18 May 2018.
  7. ^ "Pirelli supply wsbk tyres". Yahoo sport. Archived from the original on 29 October 2013. Retrieved 21 February 2013.
  8. ^ Anzolin, Elisa. "Share price fall deflates Pirelli's market comeback". U.K. Archived from the original on 27 February 2018. Retrieved 26 February 2018.
  9. ^ "Pirelli separates from industrial tires unit to become "pure consumer tire company" – European Rubber Journal". European Rubber Journal. 4 April 2017. Archived from the original on 27 February 2018. Retrieved 26 February 2018.