Yanchang/Duraturn set their sights on European assets

Yanchang Petroleum was established in 1905 and is based in the thriving aerospace capital of China, Xi’an, Shaanxi province.

First ChemChina sent shockwaves through the tyre market by successfully purchasing Pirelli in 2015. This year another Chinese firm – this time tyremaker Qingdao Doublestar – made waves by offering an US$830 million bid for 42 per cent Kumho Tire in mid-March. The obvious question is what is the next tyre-related investment to come out of China?

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