Pirelli

Pirelli is a manufacturing giant, founded in Italy in 1872. The company has established itself as a global brand renowned for its cutting-edge technology, production excellence, and Italian roots. With 18 production plants in 12 countries and a commercial presence in over 160 countries, Pirelli boasts a workforce of about 30,700 employees and generated a turnover of approximately €5.3 billion in 2021. Pirelli's commitment to research and development is evident in its substantial investment, around 6% of its revenues from High Value products, one of the highest levels among major tyre producers. The company's focus on open innovation has resulted in a portfolio of over 6,700 patents and engagement of 2,000 people in R&D across 12 technology centers. Moreover, Pirelli's technological excellence is fortified by its active involvement in over 350 car and motorcycle sport events. The company has been the exclusive tyre supplier to the Formula 1© World Championship since 2011 and will continue as the sole Global Tyre Partner until 2024. This sustained participation in motorsports has augmented the brand's reputation for safety, reliability, and innovation. Pirelli's brand stands as an international icon symbolizing technology and Italian excellence, associated with exclusivity, luxury, and a supplier to luxury car manufacturers. Additionally, the company's involvement in cultural and artistic projects and community initiatives has amplified the strength and reputation of the brand. Overall, Pirelli's massive €600.00M Post-IPO Debt investment in March 2024 underlines its enduring commitment to innovation, technological advancement, and growth in the global market.