The Federal Aviation Authority (FAA) has approved Dunlop Aircraft Tyres’ facilities in China and the USA. The FAA-14 CFR Part 145 approval means operators of US-registered commercial aircraft are able to fit the company’s products. The company has a global tyre distribution and retreading network, and is opening its first distribution and retreading facilityin North America in order to support aircraft operators throughout the Americas.
ChemChina (China National Chemical Corp) has gained European Union antitrust approval for Pirelli takeover. According to a Reuters report, the completed transaction would give the combined company a 10 per cent market share. As a result, ChemChina unit China National Tire & Rubber is now expected to go ahead with plans to set up a joint venture to acquire a 26.2 per cent stake from Italian holding firm Camfin and then make a mandatory takeover bid for the rest of Pirelli.