Pirelli facts for kids
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Pirelli headquarters as seen in 2004
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| Società per azioni | |
| Traded as | BIT: PIRC |
| ISIN | IT0005278236 |
| Industry | Automotive |
| Founded | Milan, Italy (1872) |
| Founder | Giovanni Battista Pirelli |
| Headquarters |
Milan
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Italy
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Area served
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Worldwide |
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Key people
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Ning Gaoning (Chairman) Marco Tronchetti Provera (Executive Vice Chairman and CEO) |
| Products | Tyres for car, motorcycles and cycling |
| Revenue | €5.195 billion (2018) |
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Operating income
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€703 million (2018) |
| €442 million (2018) | |
| Owner | ChemChina (45.5%) Marco Tronchetti Provera (10.05%) |
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Number of employees
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31,489 (2018) |
| Subsidiaries | Pirelli Tyre S.p.A. |
Pirelli & C. S.p.A. is a multinational company based in Milan, Italy, listed on the Milan Stock Exchange since 1922, with a temporary privatization period by the consortium led by the Chinese state-owned enterprise ChemChina. The company is the 5th largest tyre manufacturer behind Bridgestone, Michelin, Continental and Goodyear, and is focused on the consumer business (tyres for cars, motorcycles and bicycles). It is present in Europe, Apac, Latam, Meai, Nafta and C.I.S., operating commercially in over 160 countries. It has 19 manufacturing sites in 13 countries and a network of around 14,600 distributors and retailers.
Pirelli has been sponsoring sport competitions since 1907 and is the exclusive tyre supplier for the Grand-Am Rolex Sports Car Series for 2008-2010, FIA Formula One World Championship for 2011–2023 and for the FIM World Superbike Championship. Pirelli's headquarters are located in Milan's Bicocca district.
Pirelli is now a pure tyre manufacturing company. In the past it has been involved in fashion and operated in renewable energy and sustainable mobility.
History
Pirelli was founded 1872 in Milan by Giovanni Battista Pirelli. Pirelli initially worked in rubber and related processes. The company used to make scuba diving rebreathers (a special type of underwater breathing machine). Pirelli's activities are still focused on the building of tyres and cables (for energy and telecommunications). In 2005, Pirelli sold its cable division to Goldman Sachs, which changed the new group's name to Prysmian.
In the 1950s, Alberto Pirelli had the famous Milanese skyscraper built. It is in the same area as the first Pirelli factory in the 19th century.
In 1974, Pirelli invented the wide radial tyre. This was at the request from the Lancia rally racing team. They needed a tyre strong enough for their new Stratos.
Later, Porsche started using the same tyres with the Porsche 911 Turbo.
Today, the wide tyres are still the standard in sport & racing cars.
Marketing
The Pirelli Calendar is published once a year. It often features famous actresses and fashion models. The calendar also features the work of many well respected fashion photographers.
The Pirelli Internetional Award is given annually for the best international multimedia involving the communication of Science & Technology conducted entirely on the Internet.
Power is nothing without control is the slogan of Pirelli Tyre Company.
Pirelli is the long time main sponsor of Italian football club F.C. Internazionale Milano.
Sponsorship
Pirelli has a history of sponsoring football teams. Pirelli is known for its long term primary sponsorship of the Italian football team Internazionale Milano F.C. Pirelli also supports rally. Pirelli Star Driver is an project to support young rally drivers. It is organised by Pirelli and the FIA.
Motorsport
Since 2007, Pirelli is the only tyre brand used in the FIM World Superbike Championship. The tyres are also used in the support classes.
Pirelli has the contract for the control tyre supply in the British Superbike Championship. This contract started in 2008 and will last until 2010 at least.
Pirelli is the official tyre supplier of the World Rally Championship. They replaced BF Goodrich for the 2008 season.
Formula One
Pirelli competed in Formula One in three distinct periods. The first time was between 1950 and 1958. The second time was between 1981 and 1986. The third time was between 1989 and 1991. They started 200 Grands Prix races, and won 44 of them.
Pirelli will return to the sport in 2011 as the sole tyre supplier. Bridgestone decided to withdraw as the supplier at the end of 2010.
To test the new F1 tyre, Pirelli signed Nick Heidfeld. A 2009 version of a Toyota Racing chassis is being used to test the tyres. The testing is taking place during the second half of the 2010 season. In September 2010, Heidfeld was signed by Sauber to race the remainder of the season. Pirelli then hired former GP2 and Renault F1 driver Romain Grosjean to test for them.
Images for kids
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The Pirelli Tower in Milan in 1958, during construction, photographed by Paolo Monti
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See also
In Spanish: Pirelli para niños
