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Tag: chemchina
ChemChina-pirelli-672

Pirelli feels the affects of ChemChina deal in first half results.

Posted: August 3, 2016 at 8:50 am   /   Editor's Choice, International, Tyre Industry

Pirelli & C. SpA recorded net sales of more than 2.9 billion euros for the first six months of 2016, down from 3 billion euros from the same period a year ago. Net income was 8.1 million euros, down from 196.5 million euros in 2015. The company said the drop in net income reflects “beyond […]

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Pirelli Aeolus

Pirelli & Aeolus to move ahead with their plans to cooperate.

Posted: June 30, 2016 at 10:53 am   /   International, Tyre Industry

Aeolus Tyre Co. Ltd. has agreed to buy China National Chemical Co.’s two TBR subsidiaries & a 10-percent stake in Pirelli Industrial, the Italian tyre manufacturer’s commercial tyre business unit. At the same time, the deal that was agreed to earlier this month also calls for Aeolus to sell an 80-percent stake in its passenger […]

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