Pirelli and Aeolus Tyre to set up truck, car tyre and steelcord JV in China

Milan, Italy-Pirelli and Chinese tyre maker Aeolus Tyre Co. Ltd are to set up a joint venture in the first half of 2005 to make tyres in Henan Province.

The JV will start by producing radial truck tyres, mainly for Chinese domestic consumption and export to other countries in South-east Asia. A new plant to make radial car tyres is also planned, to be followed by a plant to make steelcord for radial tyres.

Pirelli has joined a growing army of western and US tyre makers…

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