Pirelli to invest $75M for 49% stake in Chinese Tire Plant
Pirelli enters joint venture with China’s Hixih Group to invest $75 million for a 49% stake in a new consumer tire production plant in China.
Hixih Rubber Industry Group – Roadone Tyre Manufacturer & Supplier
Hixih built joint ventures with world’s fortune 500 company including Pirelli from Italy, Goodyear from US, Carlyle Group from US, Continental from Germany and Bekaert from Belgium. Hixih group has launched Roadone as a local brand to build a first well-known Chinese tire brand with both international brand background and local technical strengths, realize the development from “made in china” to “created in china”.