PIRELLI: BOARD OF DIRECTORS MAJORITY APPROVES US MULTI-YEAR INVESTMENT PLAN OF APPROXIMATELY €1 BILLION

The company plans to expand its Rome, Georgia tyre plant to annual capacity of 6 million car tyres by 2033, including Cyber Tyre technology, and expects to create about 1,000 jobs. Management said the investment will not affect its 2026 targets, while the 2027-2033 capex-to-revenue ratio will remain consistent with prior periods. The project supports U.S. manufacturing capacity and technology-enabled tyre production without signaling a material near-term change to financial guidance.