Aeolus expands Chinese tire manufacturing site
A project to add 30,000 units per year of capacity for engineering tires, including jumbo tires, at Aeolus' existing site in Jiaozuo was approved in May.
The project will be conducted by Guilin Beili, a fully owned subsidiary of Aeolus with 1 million annual capacity for truck and bus tires. The company plans to invest about $23 million into the expansion, according to China's construction project bidding website.
"It will draw support in manufacturing process, formula and finite element simulation technology from Prometeon Tyre Group," Pirelli's industrial tire unit, "and be backed by Beijing Research and Design Institute of Rubber Industry," a leading institute in jumbo tire under ChemChina, according to the website.
A range of Guilin Beili's jumbo tire facilities will be moved to the Jiaozuo site. The project is scheduled to start construction in January 2018 and come on stream in June 2019.
- Tireworld Insight: Domestic tire makers eye overseas expansion
- Tireworld Insight: Price disparity severe between China's rubber exports and imports
- Tireworld Insight: China tire exports dependent on US market performance
- Tireworld Insight: SHFE rubber expected to move in tight range in short-term
- Tireworld Insight: Rubber futures to test near-term resistance at 15,000 yuan/tonne
- Tireworld Insight: China’s tire industry on track of rapid growth
