Category: Industry News

Pirelli shareholder ChemChina restructuring

Italian tyre maker Pirelli says it has been notified by its largest shareholder China National Chemical Corporation Ltd. (ChemChina) that Sinochem Group Co. and ChemChina are planning for a strategic restructuring. Details of the restructuring plan and its implementation are…

Cooper Tire completes buy of Mexican jv tyre plant

Cooper Tire & Rubber Company has closed on the agreement announced Nov. 1, 2019 to increase ownership in its Mexico joint venture tyre manufacturing facility, Corporación de Occidente S. A. de C.V. (COOCSA), from 58-100%. Financial terms were not disclosed.…