Prometeon: no transfer of Aeolus production to Prometeon factories

25th May 2018 | 0 Comments
 

Following statements from Aeolus suggesting “Aeolus moves production to Egypt and/or Turkey“, Prometeon Tyre Group has announced that the project to transfer the production of tyres in the production plants of Prometeon Tyre Group, “is still under initial assessment by the two groups, as it is part of the broader integration project of the two companies”.

Furthermore, Prometeon reports that this process has been “temporarily interrupted due to the failure to obtain authorizations from the competent authorities within the deadlines set in the agreements signed between the parties, as already communicated at the beginning of this year”.

Therefore, for this reason, Prometeon’s official statement on the matter reiterates that Prometeon Tyre Group and Aeolus operate as two separate companies.

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Category: International News, Legislation