29 Mar 2005
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.
Subscribe for unlimited access. A subscription to European Rubber Journal includes:
Already a subscriber? Log in here
