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Pirelli boss says issues with China's Sinochem will be fixed

Published by Global Banking & Finance Review

Posted on June 20, 2025

1 min read

· Last updated: January 23, 2026

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Pirelli boss says issues with China's Sinochem will be fixed
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Pirelli's Marco Tronchetti Provera Confident in Resolving Sinochem Issues

MILAN (Reuters) -Pirelli chief Marco Tronchetti Provera said on Friday the tensions at the tyremaker involving China's state-controlled Sinochem, its main shareholder, are on the way to being resolved.

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.

Tronchetti Provera, Pirelli's executive vice chairman, controller of Camfin and de facto top boss, said at a conference in Milan that the company was on the right track towards a positive outcome.

(Reporting by Gianluca Semeraro, writing by Gavin Jones, editing by Alvise Armellini)

Key Takeaways

  • Pirelli faces tensions with Sinochem, its main shareholder.
  • Sinochem holds a 37% stake in Pirelli.
  • Concerns arise over Chinese influence affecting US expansion.
  • Marco Tronchetti Provera is optimistic about resolution.
  • Camfin, the second largest shareholder, is involved in the dispute.

Frequently Asked Questions

What is the main issue involving Pirelli and Sinochem?
The main issue involves tensions between Pirelli and its largest shareholder, China's Sinochem, which owns a 37% stake in the company.
What did Marco Tronchetti Provera say about the situation?
Marco Tronchetti Provera expressed confidence that the issues with Sinochem are on the way to being resolved and that the company is on the right track.
Who are the key stakeholders in the conflict?
The key stakeholders in the conflict are Sinochem, Pirelli's main shareholder, and Camfin, Pirelli's second largest shareholder.
Where did Tronchetti Provera discuss the company's outlook?
Tronchetti Provera discussed the company's outlook at a conference in Milan.
What percentage of Pirelli does Sinochem own?
Sinochem owns a 37% stake in Pirelli.

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