Pirelli completes high-end tyre JV

25th October 2018 | 0 Comments
 
Pirelli completes high-end tyre JV
Giuliana and Niu Teng signed the joint venture agreement on 3 August

With the completion of Pirelli’s acquisition of a 49 per cent stake in Jining Shenzhou Tyre Co., the tyre maker’s management assume operational responsibility for the joint venture company’s consumer tyre plant in China. Pirelli states that the new plant will provide it with the “necessary production flexibility” it requires within its ‘High Value’ segment to accommodate the evolving Chinese market as well as expected developments in electric vehicles and the growing share of original equipment homologations obtained in China, Japan and Korea.

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Category: Company News, International News

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