Pirelli to sell truck tyres in the North America

31st March 2016 | 0 Comments
 
Pirelli to sell truck tyres in the North America
Pirelli to sell truck tyres in the North America

Pirelli has begun plans to sell truck and bus tyres in the United States and Canada through a new entity, TP Commercial Solutions LLC. The move represents an expansion into North America of Pirelli’s industrial business unit, currently headed at the group level by Pirelli CEO Marco Tronchetti Provera.It also follows plans to separate Pirelli’s car and truck tyre businesses, which was initiated in practice by a stock market filing published on 21 March in China. This filing saw China National Tire & Rubber Co., Ltd. (ChemChina’s tyre division known as CNRC) announce it had signed a “material asset reorganisation framework agreement” with Aeolus Tyre Co., Ltd including the creation of a China-based Pirelli TBR company.

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Category: Company News, International News