Tag: Aeolus

Prometeon/Aeolus integration stalls

Prometeon/Aeolus integration stalls

Thursday 18th January 2018 | 0 Comments

The integration of Prometeon Tyre Group (the former Pirelli Industrial business) and Aeolus Tyre Co. Ltd has stalled after Aeolus’ pending acquisition of a 90 per cent stake in Prometeon failed to gain overseas acquisition approval from Chinese authorities before the 31 December 2017 deadline.

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Aeolus hosts more than 200 in Italy for launch of Neo commercial tyre series

Aeolus hosts more than 200 in Italy for launch of Neo commercial tyre series

Tuesday 14th November 2017 | 0 Comments

Aeolus has launched its third generation of truck and bus radial tyres in a large dealer event on the shores – and water – of Lake Maggiore in northern Italy. Readers of Tyres & Accessories will know that this location is highly appropriate for the Chinese company; the introduction of the new, extensive product range comes at a moment when the ChemChina produced brand is preparing for its future positioning as a second-line sister range to Pirelli in the commercial segment. While the exact relationship of Pirelli and Aeolus continues to be fluidly complex, the Italian brand’s recent separation of its commercial tyre operations under the Prometeon Tyre Group banner give a good indication of where Aeolus commercial tyres are heading.

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Aeolus continues to rise in Chinese tyre market

Wednesday 4th October 2017 | 0 Comments

With one industry insider calling ChemChina’s acquisition of Pirelli “a genius move”, it would have been remiss of us not to take the opportunity to spend time with new Aeolus general manager Giovanni Pomati and find out more about how the changes affect the best-known ChemChina brand (Aeolus) and the company’s views on the latest changes in the Chinese marketplace during Tyres & Accessories recent visit to China.

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Prometeon COO talks with Tyres & Accessories

Prometeon COO talks with Tyres & Accessories

Thursday 15th June 2017 | 0 Comments

As we have all heard by now, following the high profile acquisition of Pirelli by ChemChina (whose Chinese tyre manufacturing plants include respected truck and car tyre manufacturer Aeolus and well-known OTR tyremaker, Torch) what we used to refer to simply as Pirelli has split itself in two. The part focusing on car and other consumer-orientated high-performance products retains the Pirelli name, while the remaining parts of the business (which were previously known as Pirelli Industrial) are in the process of being merged with their Chinese opposite numbers, subject to approval by the relevant authorities, and folded into a new entity – Prometeon Tyre Group. Autopromotec was Prometeon’s first public outing, so Tyres & Accessories interviewed chief operating officer (COO), Murilo Fonseca, during the recent Autopromotec exhibition in Bologna to find out more about the strategy behind the moves.

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Prometeon to launch new Pirelli Itineris tyre range at Autopromotec

Tuesday 23rd May 2017 | 0 Comments

Prometeon Tyre Group (the former Pirelli Industrial business unit) is to make its first public appearance at the Autopromotec fair. Prometeon is hosting a multi-brand stand with Pirelli-branded and truck, bus and agricultural products as well Aeolus-branded truck, bus and OTR tyres. The news follows the announcement on 13 April that Pirelli’s Industrial activities will […]

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Aeolus to launch third generation truck and bus radial tyres at Autopromotec

Aeolus to launch third generation truck and bus radial tyres at Autopromotec

Thursday 27th April 2017 | 0 Comments

Aeolus will take the opportunity of Autopromotec 2017 in Bologna (24-28 May) to stage the official launch of its third generation truck and bus tyre range.

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Aeolus becomes Prometeon Tyre Group

Thursday 13th April 2017 | 0 Comments

On 13 April TP Industrial Holding – a company controlled by CNRC (the tyre division of ChemChina) – confirmed that agreements have been signed with CNRC, Aeolus and High Grade (HK) Investment Management Limited for the full integration of its controlled Industrial activities with the other assets of the sector belonging to CNRC, including Aeolus and Guilin Beili. The formal finalization of this integration is expected by the end of the year, subject to the approval by the relevant authorities, with the contribution into Aeolus of the 52 per cent stake held in Prometeon Tyre Group (formerly Pirelli Industrial).

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Pirelli industrial/consumer tyre business split continues

Pirelli industrial/consumer tyre business split continues

Wednesday 5th April 2017 | 0 Comments

In parallel with presenting its full-year 2016 results, Pirelli has revealed further details of its complex ownership structure and how it is splitting its consumer and industrial tyre business into two separate entities. The latest news is that, as of March 2017, TP Industrial holding (which owns the newly renamed PTG, which was called Pirelli industrial until recently – more on that later) has been separated out from Pirelli’s consumer tyre business. In practice this means the assignment of TP Industrial holding to Marco Polo, Pirelli’s sole shareholder. According to Pirelli, the assignment will “ensure that Pirelli and TP Industrial can pursue their own independent paths to growth and independently developed strategies”.

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Pirelli on track for a 2018 IPO

Pirelli on track for a 2018 IPO

Thursday 20th October 2016 | 0 Comments

On 19 October the board of directors of Pirelli & C. S.p.A. met in Milan to discuss the integration of Pirelli Industrial and Aeolus, along with plans for a 2018 IPO, a year earlier than expected. As a result of the meeting the board, approved the firm’s 2016-2018 industrial plan, including its vision up to 2020 for Pirelli consumer.

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Aeolus opens first flagship tyre centre in Italy

Aeolus opens first flagship tyre centre in Italy

Tuesday 4th October 2016 | 0 Comments

Together with local partner Intergomma, Aeolus Tyre has opened its very first flagship retail outlet in Italy. The tyre maker states that the 4,500 square metre site in Livorno offers customers an “innovative sales and service centre that leaves nothing to be desired.” The outlet opened late last month and caters to both car and commercial vehicle users.

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Aeolus shows new tyres and concepts at IAA

Aeolus shows new tyres and concepts at IAA

Thursday 25th August 2016 | 0 Comments

Aeolus is set to showcase the first tyres in its new NEO series, while also presenting a range of Transace tyres for light commercial vehicles and vans at IAA 2016. Both Aeolus and Heuver have recently celebrated their 50th anniversaries and for over a decade, they have worked together to claim an important place in the European truck and trailer sector. But, partly due to the takeover of Pirelli, this position will no doubt be reinforced in the coming years.

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Travis Perkins: only Pirelli tyres are robust enough

Travis Perkins: only Pirelli tyres are robust enough

Wednesday 10th August 2016 | 0 Comments

Say Pirelli and the first things you think of are high performance cars and stylish marketing. However, Pirelli’s truck tyre of the business has received renewed attention in recent years, especially in light of last year’s takeover of Pirelli by ChemChina. A key part of that acquisition was based on the belief that, while Pirelli is the undisputed technology leader of that relationship (especially in terms of car tyres), ChemChina’s group of companies is known to be at its strongest in the commercial vehicle or “industrial” side of things. Since then, there have been renewed efforts to develop Pirelli truck tyre position in the UK, Europe and globally – a position that is likely to be augmented by addition production capacity (via the ChemChina group companies) in China as well as their brands. Set against this backdrop, Pirelli recently highlighted its partnerships with well-known truck fleets – notably Travis Perkins group here in the UK, a company it has supplied for 20 years.

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Pirelli reports 1H 2016 results, approval of Aeolus transfer

Friday 29th July 2016 | 0 Comments

Italy’s Pirelli & C. SpA has announced net sales of €3.0 billion during the six months to 30 June 2016. This is 6.6 per cent lower than the net sales achieved by the Pirelli Group in the first half of last year, yet the company says the result represents a year-on-year organic growth of 5.9 per cent (with the same perimeter and net of an 8.8 per cent negative foreign exchange effect). Sales within Pirelli’s Consumer business (car, light commercial and motorcycle tyres) amounted to €2.5 billion, including €1.6 billion of premium products, while Industrial business sales totaled €497.3 million.

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Aeolus launches new-gen standard, high performance winter tyres

Aeolus launches new-gen standard, high performance winter tyres

Thursday 16th June 2016 | 0 Comments

Two new Aeolus winter tyres were unveiled at last month’s Reifen 2016 show, the SnowAce2 for the standard segment and SnowACE2 HP for the high performance segment. The pair are the successor tyres to the SnowACE AW02 und AW03.

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ChemChina to create world’s fourth-largest industrial tyre company

Thursday 16th June 2016 | 0 Comments

As senior management from Aeolus Tyre disclosed during a Reifen 2016 press conference, the Chinese tyre maker will soon be part of the world’s fourth-largest industrial tyre manufacturing company. This new tyre firm, which has yet to be named, will exist under the umbrella of state-owned concern ChemChina. In addition to Aeolus Tyre, the company will be comprised of Pirelli, which ChemChina acquired last year, and the Italian tyre maker’s new sister companies, Qingdao Yellow Sea Rubber and Double Happiness.

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