China’s Aeolus Tyre Co. Ltd. is seeking to raise $840 million through a public share offering to cover the cost of acquiring a 90 percent stake in Prometeon Tyre Group—Pirelli & C. S.p.A.’s commercial tyre unit—and other industrial tyre assets. Aeolus is set to become China’s largest commercial tyre maker—and potentially the world’s fourth largest—with
The Aeolus Tyre Company, which has been in the tyre manufacturing business for over 50 years is exhibiting at the Auto Trade EXPO for the first time ever, in association with Cork Tyre Wholesale. Drop by the stand and enjoy some refreshments, meet representatives and find out any information that you require about Aeolus Tyres.
Aeolus Tyre, a company owned by the Chinese group Chemchina, will be a first-time exhibitor at top international trade fair Reifen in Essen. Aeolus Tyre manufactures tyres for cars, SUVs and vans, as well as for the sizeable segment of commercial vehicles, earth-moving machinery and agricultural equipment. These tyres are already trusted by several million
The China National Chemical Corporation’s (ChemChina’s) bid to gain operational control of Pirelli & C. S.p.A. is going ahead. Reports say that next Tuesday (August 11th), will see further official steps taken by both sides towards the completion of a very complex deal. This follows news yesterday that the ChemChina/Camfin deal cleared all antitrust and
Sean O’Connell Tyres in conjunction with Richard Looby Tyres have represented the Aeolus car, van and 4×4 tyre range to great effect in Ireland over the past two years and with JB Tyres being appointed sole distributors for Northern Ireland, the brand is growing at a pace.