In 1874, the young engineer Giovanni Battista Pirelli founded Pirelli & C. In the following year, he began producing rubber products such as belts and tubes, specialising gradually in electrical cables and tyres. The headquarters of the first factory was located on Via Ponte Seveso, then it was to Via Fabio Flizi where the Pirelli Skyscraper stands today.
In less than twenty years, the number of items proposed had soared: workroom equipment, padding for bras, waterproof raincoats, up to the invention of the bicycle tyre, a patent that, in collaboration with the bicycle manufacturer Bianchi, was created in a very brief time for the market.
In 1907, Pirelli was supplying tyres for sports competitions on the Itala 35/45 HP in the victorious Beijing-Paris raid.
Since the twenties, these partnerships have grown to include Formula 1, Rally, Superbike and Mille Miglia; Today, Pirelli is the exclusive tyre supplier for Formula 1, the Superbike and the Supersport World Championship.
Whilst always paying special attention to research and development, Pirelli boasts numerous firsts and innovations not only in the industrial field. It was the first Italian company to be listed on the New York Stock Exchange in 1929 (and indeed according to recent rumours, Pirelli will soon be the protagonist of an IPO 2017, and even Reuters has written an article concerning this IPO).
Among its most advanced technologies for the early twentieth century, Pirelli produced the first cable with oil insulation, fibre optics and the Flexus bicycle tyre, are among those particularly worth mentioning.
The group was always at the forefront in the field of work organisation: it never practised segregation for communist workers, and Pirelli’s great historical guide, Leopoldo Pirelli, proposed a 5-day week for his employees, free choice and shorter days for women.
Pirelli has always striven to create an ethical business model, where profit was not an imperative but a means to political and social progress. Care for the territory and the choice of low environmental impact materials and procedures, workplace safety, transparency and corporate responsibility have made Pirelli a beacon in the national entrepreneurial landscape.
Pirelli updates 2017
2017 is the year in here Pirelli will return to the stock market (that of Milan) with a listing that is very interesting. The IPO Pirelli 2017 will bring significant economic results for the company. Pirelli reports growth ahead of the IPO according to RubberNews, while even The Street says Pirelli Reportedly Racing to Milan’s IPO Valued at Nearly $ 11 Billion and Nasdaq Pirelli to offer 30-40 pct stake in IPO – sources.
However, numbers apart, what is certain is that Pirelli’s IPO will be very attractive to investors and should bring new cash availability into the company, which will help even more to forget the bad past lived a few decades ago.