RDIF , Pirelli discussing joint investments into Voronezh Tire Works

TASS, 04.07.2019

The Russian Direct Investment Fund (RDIF) and Pirelli are holding negotiations on joint investments of up to 100 mln euro into expansion of Voronezh Tire Works’ production, RDIF chief executive Kirill Dmitriev told reporters on Thursday.

"We already see highly fruitful partnership with Italian companies," Dmitriev said. "We announce certain new projects we plan to do. These are extra investments together with Pirelli into construction and upgrade of the tire works," Dmitriev said.

Potential investments of up to 100 mln euro into further upgrade and expansion of the production line of the Voronezh Tire Works are meant, press service of RDIF told reporters. The parties intend to complete coordination in 2019.