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.
With ChemChina in talks to buy Pirelli, Tyres & Accessories presents a brief introduction to the Chinese firm
The China National Chemical Corporation (otherwise known as ChemChina) is Chinese a state-owned chemical, rubber and tyre business. Established in May 2004, ChemChina is run under the administration of SASAC (the Chinese State-owned Assets Supervision and Administration Commission).
The first thing we have to consider is the size of the company. ChemChina is a Fortune 500 company and call itself China’s largest chemical company. Globally the firm places itself in 19th place.