top of page

High-value tires lead Pirelli growth plan for 2018

Pirelli & C. S.p.A. aims to further increase sales of high-value tires, under a growth plan detailed in the company’s annual results presentation(pdf). The document, issued Feb. 26, builds on Pirelli’s relaunch, last year, as a premium passenger car tire supplier after separating its industrial tire business into Prometeon Group.

Under the latest plans, the company’s Latin America operation is to cut standard tire production and convert to making high-value products, including increased SUV penetration.

Likewise, in its Middle East, Africa and India region, Pirelli said it would look at “progressive reduction of standard production.”

Again, operations there will increase the proportion of high-value product sales, which already exceed 50 percent of sales in the region in 2017.

In Russia, meanwhile, the tire maker aims to improve its share in the 17-inch and larger market, “with an increasing weight of locally produced high value tire.” It also will try to strengthen price position in the region.

Pirelli has previously outlined four categories of high-value products: Prestige which was developed with car makers such as Ferrari, Bentley, Bugatti and Rolls Royce; New premium tires with diameter of 18 inches or more; Specialty tires including runflats and color editions; and Premium moto, which are high-end motorcycle tires.

For 2018, priorities will include re-engineering and consolidating the “integrated business planning process,” starting from Prestige, concluded Pirelli.

Referenced article found here.

0 views0 comments

Recent Posts

See All

Bridgestone will divest Russian operations

On October 31, Bridgestone Corporation announced it will sell all of its assets in Russia due to the war in Ukraine. The process could take several months. Bridgestone is seeking a buyer for its 80.6

Nokian chooses Romania for new tire plant

Nokian Tyres has announced the location for its new tire plant — Oradea, Romania. The investment will total Euro 650 million and construction is scheduled to begin in early 2023. The factory is expect

Tire Tech Exposition coming this week to Hannover

Notch will be presenting a paper on current conditions in the global carbon black industry at the Tire Tech Expo happening this week at the Hannover Messe, Germany. This giant conference/trade show is

תגובות


bottom of page