China launches first domestic biofuel blending pilot at Zhoushan port

Sinochem Xingzhong begins processing 2,000 tonnes of biodiesel with high-sulphur fuel oil.

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DuPont Renews Commitment to Global Water Solutions with Acquisition in China DuPont has secured an agreement to acquire Sinochem (Ningbo) Memtech, enhancing its reverse osmosis manufacturing in China.

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Pirelli, bilancio approvato senza il voto cinese Il controllo di Pirelli resta il terreno di scontro in assemblea, tra Sinochem e il management ma i numeri...

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Pirelli investors back 2024 earnings report despite opposition from China’s Sinochem MILAN (Reuters) -Pirelli investors on Thursday approved the Italian tyremaker’s earnings report for last year despite the opposition of its largest shareholder, the Chinese state-controlled group Sinochem, the company said. The outcome of the vote suggests that Sinochem, whose influence over Pirelli has been restricted by the Italian government, no longer has effective control over the company. Sinochem, which owns a 37% stake, has crossed swords with the company and its second largest shareholder Camfin, which claim that a large Chinese presence in Pirelli poses a threat to its ambitions to expand its business in the United States. The Pirelli statement confirmed that Sinochem had been the only shareholder to vote against the approval of the annual report for 2024. The shareholder meeting also approved the payment of 250 million euros to investors as a dividend, the equivalent of 0.25 euro per share. Washington is cracking down on Chinese technology in the automotive industry by banning key software and hardware from Chinese-controlled companies in connected vehicles on U.S. roads. The Italian government is seeking clarity from the United States about possible restrictions on Pirelli’s U.S. activities due to its Chinese investor, Reuters reported on Wednesday. As part of the governance dispute, some Sinochem representatives on Pirelli’s board, including Chairman Jiao Jian, earlier this year voted against the group’s financial statement for 2024. Some Sinochem board members also voted against Pirelli’s results for the first quarter of 2025. The Italian government intervened two years ago to curb Sinochem’s influence in Pirelli and to protect the autonomy of its management under so-called "golden power" legislation for companies deemed of strategic importance. Camfin, which owns a 27.4% stake in Pirelli, is the vehicle of Executive Vice-Chairman Marco Tronchetti Provera, the Italian businessman who has been the company’s top boss for more than three decades. In a challenging context for the whole automotive industry, Pirelli last year posted above-target results, with a 2% revenue increase and a margin on adjusted operating profit rising to 15.7%.

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Pirelli, il cda contro il socio cinese: "Il controllo non è più di Sinochem" Svolta per rafforzarsi negli Usa. Ma Jian e i suoi, forti del 37%, si oppongono: "Noi dominanti in assemblea"

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Sinochem expresses firm opposition to Pirelli’s board resolution Investing.com -- Sinochem, the largest investor in Pirelli, has voiced its strong opposition to a resolution by the Italian tyremaker’s board. The resolution in question has established that Sinochem no longer has control over the company. Sinochem, a state-owned entity of China, expressed deep disappointment on Monday over this development. Sinochem holds a 37% stake in Pirelli. The Chinese company communicated its stance through its vehicle Marco Polo International. In its statement, Sinochem asserted that it had "valid elements" to affirm that it retains control over Pirelli. The company’s firm opposition to the board’s resolution indicates a potential conflict within the company’s governance structure. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Pirelli moves to reduce Sinochem’s control over its operations - Bloomberg PIRC hereremove ads Latest comments Install Our AppScan QR code to install app Google Play App Store Blog Mobile Portfolio Widgets About Us Advertise Help & Support Authors Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

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Pirelli’s US business hindered by Sinochem’s stake, says Tronchetti Provera ROME (Reuters) - Pirelli is having difficulties investing in the United States because its largest shareholder is China’s state-owned Sinochem, the Italian tyremaker’s executive vice chairman Marco Tronchetti Provera said in a newspaper interview on Tuesday. Pirelli’s Chinese and Italian shareholders are at odds over the group’s governance as Washington cracks down on Chinese technology in the automotive industry, banning key software and hardware from Chinese-controlled companies. Tronchetti Provera told Italian daily la Repubblica that Sinochem’s 37% stake had proved a hurdle when Pirelli had negotiated with local authorities over doing business in the states of Alabama and Virginia. "Now we are negotiating with Georgia, where we already have a factory, and once again objections are being raised," said Tronchetti Provera, who was Pirelli’s CEO for 30 years up to 2022. Tronchetti Provera said he was confident an agreement would be reached with Sinochem to overcome the U.S. concerns. "It is too important a market for us not to be able to play on a level playing field with our competitors."

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Pirelli avvia negoziati con Sinochem per adeguarsi alla normativa USA Marco Tronchetti Provera annuncia negoziati con Sinochem per una nuova governance Pirelli, fondamentale per il mercato USA.

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Ignazio La Russa auspica accordo tra Pirelli e Sinochem per il futuro dell'azienda Il presidente del Senato La Russa spera in una soluzione positiva tra Pirelli e Sinochem per salvaguardare gli interessi aziendali.

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