Pirelli to pursue high value strategy in China

Beijing – Pirelli & C. SpA aims to further reinforce its position in China by capturing the growth of local demand for high end products, according to an 8 May release by parent company ChemChina.

The release pointed to an undated meeting between ChemChina chairman Ren Jianxin and Pirelli executive vice chairman and CEO, Marco Tronchetti Provera, where the two leaders discussed investment in new technologies.

Stating that ChemChina was undergoing “a revolutionary transformation”, Ren said it was important for the company to “deepen supply-side structural reform…

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