Pirelli to invest Euro 60 million in Chinese tyre joint-venture

By Liz White, ERJ staff
Milan, Italy-Pirelli has finalised its joint-venture agreement in China with Roadone Tyre Co. Ltd, announced 16 June. The partners have gained appropriate regulatory approvals for the JV, which is to be majority owned by Pirelli, with some 60 percent of the share capital.

The JV will make radial truck tyres in Shandong Province, for both the Chinese market and other South-east Asian countries. Pirelli said in a 1 Aug statement that its initial investment in the joint venture will be about…

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