Pirelli acquires 49% in Chinese tyre plant to boost APAC ‘high value’ strategy

2nd August 2018 | 0 Comments
 
Pirelli acquires 49% in Chinese tyre plant to boost APAC ‘high value’ strategy
Pirelli acquires 49% in Chinese tyre plant to boost APAC ‘high value’ strategy

With investment of 65 million euros, Pirelli is taking a 49 per cent share in a “technologically advanced” consumer tyre plant in China. Through this joint venture partnership with Hixih Rubber Industry Group, Pirelli says it will gain greater production flexibility in APAC, particularly within the high value segment. The new joint venture company has been named Jining Shenzhou Tyre Co.

The rest of this article is for subscribers only:
Log inSubscribe

Tags: , , , , , , ,

Category: Company News, International News