Pirelli truck tyre business to merge with Aeolus

23rd March 2015 | 0 Comments
 

Following the news that Pirelli is effectively being bought by ChemChina (the state-owned parent company of Chinese brands including Aeolus), further details – namely the implications of the transaction on the truck tyre sector – are continuing to emerge.

According to various news sources, it now looks likely that the Italian company’s truck tyre business will be merged with Aeolus Tyres (which is itself best-known for its commercial vehicle tyre products). Reuters made this claim by citing a statement from former Pirelli controlling shareholding company Camfin, which said Pirelli’s truck and industrial tyre business would be “folded into ChemChina’s listed unit Aeolus, allowing it to double its output”.

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Category: Company News, International News

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