CNRC Archives - Tire Review Magazine
Aeolus to Be Renamed Prometeon Tyre Group

The ChemChina-owned tire company Aeolus will be renamed Prometeon Tyre Group Co. Ltd., following the completed transaction of the integration of TP Industrial Holding’s industrial activities, Tyres & Accessories reports.

ChemChina’s Pirelli Buy-out Advancing

China National Chemical Corp. ’s (ChemChina) complete buy-out of Pirelli & C. SpA is in progress after the closing deal was passed Aug. 11, according to Tyres & Accessories. With the new deal, ChemChina leads the buy-out, but other businesses will also own Pirelli shares. ChemChina, businesses owned by CEO Marco Tronchetti Provera and the