Commercial Business

Pirelli MG:01 Will Be OE on Italian Defense Vehicles

Posted on April 17, 2017

Prometeon Tire Group, which produces and markets Pirelli brand truck, bus, agricultural and OTR tires, has signed a commercial agreement with Italian company Iveco Defence Vehicles. The partnership calls for Prometeon to develop and supply Pirelli tires for new generation defense vehicles.

"This important collaboration agreement with a leading manufacturer of industrial sector vehicles underscores Prometeon’s consolidated process of high technology tire development," says Prometeon. "The close interaction between the R&D department and the client allows the development of the best products, which satisfy the severe and diverse application demands of any type of vehicle."

The new Pirelli MG:01 tire, in size 265/70R19.5, was specifically developed at the Prometeon Tire Group’s Research & Development center in Milan in the context of this development partnership. The MG:01 has a tread compound that is compatible with traditional road, off-road and snowed-under conditions, delivering maximum performance and optimal drivability for any type of use, according to the company. The acronym MG indicates the operational characteristics of the new tire: M for Multipurpose (both for the steer and drive axles) and G for On-Off Road applications.

On April 1, 2017, Pirelli & Cie SpA changed the name of Pirelli Industrial Srl, its commercial tire enterprise, to Prometeon Tyre Group Srl. The move was the last step in officially separating its commercial tire business from its consumer tire activities. In its 20016 annual report, Pirelli split the businesses into two "in order to ensure an autonomous growth path and independent group strategies."

Prometeon Tire Group produces Pirelli brand commercial tires at four factories: two in Brazil, one in Egypt and one in Turkey. More than 7,000 people work at Prometeon, a company that until March of 2017 operated inside the Pirelli group with the name Pirelli Industrial.

The group is 52% controlled by TP Industrial Holding (100% controlled by Marco Polo International Italy, also the controlling shareholder of Pirelli), 38% by CINDA (a Chinese international investment company) and 10% by Aeolus (a Chinese company that produces Industrial tires).

Related Topics: OE tires, Pirelli MG:01, Prometeon Tire Group, truck tires

Comments ( 0 )
More Stories
News Bauer Built Awards Scholarships for 25th Consecutive Year

The founders of Bauer Built Inc. are gone but not forgotten. The G. F. “Sam” and Ethel V. Bauer/Bauer Built Inc. Scholarship Award sees to that.

News Monro Acquires Free Service Tire Co.

Monro Inc. has acquired 99-year-old Free Service Tire Co., adding an expected $47 million in annual sales to its balance sheet.

Hercules says the Terra Trac CH4 is designed to endure the high torque and heavy loads critical to commercial applications.
Product Hercules Adds CH4 to Terra Trac Line

The new Terra Trac CH4 from Hercules Tire & Rubber Co. is an all-season commercial highway tire for cargo vans and light trucks.

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!