{"id":28806,"date":"2020-12-11T15:16:48","date_gmt":"2020-12-11T14:16:48","guid":{"rendered":"http:\/\/www.tyretrade.ie\/?p=28806"},"modified":"2020-12-16T15:50:12","modified_gmt":"2020-12-16T14:50:12","slug":"aeolus-to-take-major-stake-ownership-of-prometeon","status":"publish","type":"post","link":"https:\/\/www.tyretrade.ie\/index.php\/aeolus-to-take-major-stake-ownership-of-prometeon\/28806","title":{"rendered":"Aeolus to take major stake ownership in Prometeon"},"content":{"rendered":"

China National Tire & Rubber Co., Ltd. (CNRC) has “entrusted” Aeolus Tyre with a 52 per cent ownership stake in Prometeon Tyre Group (PTG).<\/p>\n

Aeolus now owns 62 per cent of PTG, having already held 10 per cent shares in the Milan-based tyre maker, which was formerly called Pirelli Industrial S.r.l.<\/p>\n

The “entrustment” agreement runs for an initial three years, which shall be automatically renewed upon expiration, CNRC said in a November 30 statement.<\/p>\n

CNRC added that it hopes the new agreement will solve the “horizontal competition issue” between Aeolus and Prometeon.<\/p>\n

In the future, Aeolus and PTG will actively improve technological innovation and advanced manufacturing capabilities, and provide customers with more and better quality products, CNRC concluded.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

China National Tire & Rubber Co., Ltd. (CNRC) has “entrusted” Aeolus Tyre with a 52 per cent ownership stake in Prometeon Tyre Group (PTG).<\/p>\n","protected":false},"author":104,"featured_media":28807,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[343,1],"tags":[],"class_list":["post-28806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aeolus","category-news"],"yoast_head":"\nAeolus to take major stake ownership in Prometeon - TyreTrade.ie<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tyretrade.ie\/index.php\/aeolus-to-take-major-stake-ownership-of-prometeon\/28806\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aeolus to take major stake ownership in Prometeon - TyreTrade.ie\" \/>\n<meta property=\"og:description\" content=\"China National Tire & Rubber Co., Ltd. (CNRC) has “entrusted” Aeolus Tyre with a 52 per cent ownership stake in Prometeon Tyre Group (PTG).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tyretrade.ie\/index.php\/aeolus-to-take-major-stake-ownership-of-prometeon\/28806\" \/>\n<meta property=\"og:site_name\" content=\"TyreTrade.ie\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-11T14:16:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-12-16T14:50:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tyretrade.ie\/wp-content\/uploads\/2020\/12\/20201028092235.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Eoin Cuttle\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Eoin Cuttle\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.tyretrade.ie\/index.php\/aeolus-to-take-major-stake-ownership-of-prometeon\/28806#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.tyretrade.ie\/index.php\/aeolus-to-take-major-stake-ownership-of-prometeon\/28806\"},\"author\":{\"name\":\"Eoin Cuttle\",\"@id\":\"https:\/\/www.tyretrade.ie\/#\/schema\/person\/16f48ea0cc0a931615605574a57df23f\"},\"headline\":\"Aeolus to take major stake ownership in Prometeon\",\"datePublished\":\"2020-12-11T14:16:48+00:00\",\"dateModified\":\"2020-12-16T14:50:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.tyretrade.ie\/index.php\/aeolus-to-take-major-stake-ownership-of-prometeon\/28806\"},\"wordCount\":125,\"publisher\":{\"@id\":\"https:\/\/www.tyretrade.ie\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.tyretrade.ie\/index.php\/aeolus-to-take-major-stake-ownership-of-prometeon\/28806#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.tyretrade.ie\/wp-content\/uploads\/2020\/12\/20201028092235.jpg\",\"articleSection\":[\"Aeolus\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tyretrade.ie\/index.php\/aeolus-to-take-major-stake-ownership-of-prometeon\/28806\",\"url\":\"https:\/\/www.tyretrade.ie\/index.php\/aeolus-to-take-major-stake-ownership-of-prometeon\/28806\",\"name\":\"Aeolus to take major stake ownership in Prometeon - TyreTrade.ie\",\"isPartOf\":{\"@id\":\"https:\/\/www.tyretrade.ie\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.tyretrade.ie\/index.php\/aeolus-to-take-major-stake-ownership-of-prometeon\/28806#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.tyretrade.ie\/index.php\/aeolus-to-take-major-stake-ownership-of-prometeon\/28806#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.tyretrade.ie\/wp-content\/uploads\/2020\/12\/20201028092235.jpg\",\"datePublished\":\"2020-12-11T14:16:48+00:00\",\"dateModified\":\"2020-12-16T14:50:12+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.tyretrade.ie\/index.php\/aeolus-to-take-major-stake-ownership-of-prometeon\/28806#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.tyretrade.ie\/index.php\/aeolus-to-take-major-stake-ownership-of-prometeon\/28806\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.tyretrade.ie\/index.php\/aeolus-to-take-major-stake-ownership-of-prometeon\/28806#primaryimage\",\"url\":\"https:\/\/www.tyretrade.ie\/wp-content\/uploads\/2020\/12\/20201028092235.jpg\",\"contentUrl\":\"https:\/\/www.tyretrade.ie\/wp-content\/uploads\/2020\/12\/20201028092235.jpg\",\"width\":800,\"height\":533},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.tyretrade.ie\/index.php\/aeolus-to-take-major-stake-ownership-of-prometeon\/28806#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.tyretrade.ie\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Aeolus to take major stake ownership in Prometeon\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.tyretrade.ie\/#website\",\"url\":\"https:\/\/www.tyretrade.ie\/\",\"name\":\"TyreTrade.ie\",\"description\":\"Ireland's Publication for the Tyre & associated Industries\",\"publisher\":{\"@id\":\"https:\/\/www.tyretrade.ie\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.tyretrade.ie\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.tyretrade.ie\/#organization\",\"name\":\"TyreTrade.ie\",\"url\":\"https:\/\/www.tyretrade.ie\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.tyretrade.ie\/#\/schema\/logo\/image\/\",\"url\":\"http:\/\/www.tyretrade.ie\/wp-content\/uploads\/2014\/02\/www.tyretrade.jpg\",\"contentUrl\":\"http:\/\/www.tyretrade.ie\/wp-content\/uploads\/2014\/02\/www.tyretrade.jpg\",\"width\":615,\"height\":300,\"caption\":\"TyreTrade.ie\"},\"image\":{\"@id\":\"https:\/\/www.tyretrade.ie\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.tyretrade.ie\/#\/schema\/person\/16f48ea0cc0a931615605574a57df23f\",\"name\":\"Eoin Cuttle\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.tyretrade.ie\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/72cef08f9d091509671600c5533b9abc7f6fa60c397939a1fd96da0e777509d3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/72cef08f9d091509671600c5533b9abc7f6fa60c397939a1fd96da0e777509d3?s=96&d=mm&r=g\",\"caption\":\"Eoin Cuttle\"},\"url\":\"https:\/\/www.tyretrade.ie\/index.php\/author\/eoin-cuttle\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Aeolus to take major stake ownership in Prometeon - TyreTrade.ie","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.tyretrade.ie\/index.php\/aeolus-to-take-major-stake-ownership-of-prometeon\/28806","og_locale":"en_US","og_type":"article","og_title":"Aeolus to take major stake ownership in Prometeon - TyreTrade.ie","og_description":"China National Tire & Rubber Co., Ltd. (CNRC) has “entrusted” Aeolus Tyre with a 52 per cent ownership stake in Prometeon Tyre Group (PTG).","og_url":"https:\/\/www.tyretrade.ie\/index.php\/aeolus-to-take-major-stake-ownership-of-prometeon\/28806","og_site_name":"TyreTrade.ie","article_published_time":"2020-12-11T14:16:48+00:00","article_modified_time":"2020-12-16T14:50:12+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/www.tyretrade.ie\/wp-content\/uploads\/2020\/12\/20201028092235.jpg","type":"image\/jpeg"}],"author":"Eoin Cuttle","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Eoin Cuttle","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.tyretrade.ie\/index.php\/aeolus-to-take-major-stake-ownership-of-prometeon\/28806#article","isPartOf":{"@id":"https:\/\/www.tyretrade.ie\/index.php\/aeolus-to-take-major-stake-ownership-of-prometeon\/28806"},"author":{"name":"Eoin Cuttle","@id":"https:\/\/www.tyretrade.ie\/#\/schema\/person\/16f48ea0cc0a931615605574a57df23f"},"headline":"Aeolus to take major stake ownership in Prometeon","datePublished":"2020-12-11T14:16:48+00:00","dateModified":"2020-12-16T14:50:12+00:00","mainEntityOfPage":{"@id":"https:\/\/www.tyretrade.ie\/index.php\/aeolus-to-take-major-stake-ownership-of-prometeon\/28806"},"wordCount":125,"publisher":{"@id":"https:\/\/www.tyretrade.ie\/#organization"},"image":{"@id":"https:\/\/www.tyretrade.ie\/index.php\/aeolus-to-take-major-stake-ownership-of-prometeon\/28806#primaryimage"},"thumbnailUrl":"https:\/\/www.tyretrade.ie\/wp-content\/uploads\/2020\/12\/20201028092235.jpg","articleSection":["Aeolus","News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.tyretrade.ie\/index.php\/aeolus-to-take-major-stake-ownership-of-prometeon\/28806","url":"https:\/\/www.tyretrade.ie\/index.php\/aeolus-to-take-major-stake-ownership-of-prometeon\/28806","name":"Aeolus to take major stake ownership in Prometeon - TyreTrade.ie","isPartOf":{"@id":"https:\/\/www.tyretrade.ie\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.tyretrade.ie\/index.php\/aeolus-to-take-major-stake-ownership-of-prometeon\/28806#primaryimage"},"image":{"@id":"https:\/\/www.tyretrade.ie\/index.php\/aeolus-to-take-major-stake-ownership-of-prometeon\/28806#primaryimage"},"thumbnailUrl":"https:\/\/www.tyretrade.ie\/wp-content\/uploads\/2020\/12\/20201028092235.jpg","datePublished":"2020-12-11T14:16:48+00:00","dateModified":"2020-12-16T14:50:12+00:00","breadcrumb":{"@id":"https:\/\/www.tyretrade.ie\/index.php\/aeolus-to-take-major-stake-ownership-of-prometeon\/28806#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.tyretrade.ie\/index.php\/aeolus-to-take-major-stake-ownership-of-prometeon\/28806"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.tyretrade.ie\/index.php\/aeolus-to-take-major-stake-ownership-of-prometeon\/28806#primaryimage","url":"https:\/\/www.tyretrade.ie\/wp-content\/uploads\/2020\/12\/20201028092235.jpg","contentUrl":"https:\/\/www.tyretrade.ie\/wp-content\/uploads\/2020\/12\/20201028092235.jpg","width":800,"height":533},{"@type":"BreadcrumbList","@id":"https:\/\/www.tyretrade.ie\/index.php\/aeolus-to-take-major-stake-ownership-of-prometeon\/28806#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.tyretrade.ie\/"},{"@type":"ListItem","position":2,"name":"Aeolus to take major stake ownership in Prometeon"}]},{"@type":"WebSite","@id":"https:\/\/www.tyretrade.ie\/#website","url":"https:\/\/www.tyretrade.ie\/","name":"TyreTrade.ie","description":"Ireland's Publication for the Tyre & associated Industries","publisher":{"@id":"https:\/\/www.tyretrade.ie\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.tyretrade.ie\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.tyretrade.ie\/#organization","name":"TyreTrade.ie","url":"https:\/\/www.tyretrade.ie\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.tyretrade.ie\/#\/schema\/logo\/image\/","url":"http:\/\/www.tyretrade.ie\/wp-content\/uploads\/2014\/02\/www.tyretrade.jpg","contentUrl":"http:\/\/www.tyretrade.ie\/wp-content\/uploads\/2014\/02\/www.tyretrade.jpg","width":615,"height":300,"caption":"TyreTrade.ie"},"image":{"@id":"https:\/\/www.tyretrade.ie\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.tyretrade.ie\/#\/schema\/person\/16f48ea0cc0a931615605574a57df23f","name":"Eoin Cuttle","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.tyretrade.ie\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/72cef08f9d091509671600c5533b9abc7f6fa60c397939a1fd96da0e777509d3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/72cef08f9d091509671600c5533b9abc7f6fa60c397939a1fd96da0e777509d3?s=96&d=mm&r=g","caption":"Eoin Cuttle"},"url":"https:\/\/www.tyretrade.ie\/index.php\/author\/eoin-cuttle"}]}},"_links":{"self":[{"href":"https:\/\/www.tyretrade.ie\/index.php\/wp-json\/wp\/v2\/posts\/28806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tyretrade.ie\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tyretrade.ie\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tyretrade.ie\/index.php\/wp-json\/wp\/v2\/users\/104"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tyretrade.ie\/index.php\/wp-json\/wp\/v2\/comments?post=28806"}],"version-history":[{"count":3,"href":"https:\/\/www.tyretrade.ie\/index.php\/wp-json\/wp\/v2\/posts\/28806\/revisions"}],"predecessor-version":[{"id":28811,"href":"https:\/\/www.tyretrade.ie\/index.php\/wp-json\/wp\/v2\/posts\/28806\/revisions\/28811"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tyretrade.ie\/index.php\/wp-json\/wp\/v2\/media\/28807"}],"wp:attachment":[{"href":"https:\/\/www.tyretrade.ie\/index.php\/wp-json\/wp\/v2\/media?parent=28806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tyretrade.ie\/index.php\/wp-json\/wp\/v2\/categories?post=28806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tyretrade.ie\/index.php\/wp-json\/wp\/v2\/tags?post=28806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}