The company had a net profit of RON70.7 million (EUR14.7 million) in 2020, up 4.5% from a net profit of nearly RON67.6 million (EUR14.3 million) in 2019, per public data. In 2020, the company had on average 3,794 employees, 41 more people than in 2019.
In 2020, Pirelli shut down production in its tire factory in Slatina for several weeks due to the coronavirus pandemic.
Early 2019, Belgian-held logistics and industrial space developer WDP said it would invest EUR40 million in the construction of a storage hall of approximately 60,000 square meters for Pirelli in Slatina. The project was due for completion in 2020, per previous information.
Pirelli’s investments at its factory in Slatina over the last years have increased the volume of activities at the plant, therefore, expansion has become a necessity.
In 2016, when Pirelli celebrated ten years of industrial presence in Romania, it announced additional investments of nearly EUR200 million at its plant in Slatina, until 2021. Pirelli was also granted a state aid of RON128 million (EUR29 million) for 530 jobs at its plant in Slatina. This is the third state aid received by Pirelli since 2008.