Pirelli shifts China joint venture talks to RoadOne Tyre

Milan, Italy–Pirelli SpA has initiated talks with China’s RoadOne Tyre Co. Ltd. covering a joint venture to make all steel-radial truck tyres at a plant in Shandong Province.

Negotiations with RoadOne–a new company set up in the past 18 months by conveyor belt maker Yinhe Group–come after talks started last year with Aeolus Tyre hit an impasse, Pirelli said.

Yinhe Group reportedly spent more than $220 million to build a factory near Jinan, Shandong Province, that’s capable of producing 3 million truck tyres annually.


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