Pirelli & C. SpA and Russian Technologies have finalised the transfer of the Voronezh tyre plant from Sibur Russian Tyres to the Pirelli-Russian Technologies joint venture.

       This follows the transfer in December of the Sibur's Kirov tyre plant. The joint venture has invested a total of 222 million in the transfer operations and will spend a further 200 million from 2012 to 2014 on plant improvement and business development. Annual revenues are expected to be around 300 million in 2012 and more than 500 million by 2014.