Aeolus Tyre takes 40% share in China JV

China’s Aeolus Tyre Co., Ltd will reportedly enter a joint venture with four other parties. The tyre maker is said to be investing RMB 40 million (£3.8 million) in the joint venture, a figure that will give it a 40 per cent share. China National Tire & Rubber Corporation will hold a 35 per cent share while a Shanxi-based tyre company, a Guilin-based rubber company, and a Qingdao-based conveyor company will respectively have a ten, ten and five stake in the joint venture company. According to Reuters, the joint venture will deal in the international trade, processing, import and export of products, technologies and equipment.