Tag: APAC

Pirelli completes high-end tyre JV

Pirelli completes high-end tyre JV

25th October 2018 | 0 Comments

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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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

2nd August 2018 | 0 Comments

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.

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