Aeolus Tyre Co has roadmap for growth
Aeolus Tyre Co Ltd, a subsidiary of the State-owned Sinochem Holdings Corp Ltd, will ramp up production of premium truck and bus tires as well as seeking innovations in off-the-road and specialty tires over the next five years, according to its top executive.
The Jiaozuo, Henan province-based company is moving to capture opportunities across both traditional and emerging sectors as demand for advanced, durable and energy-efficient products continues to rise.
Wang Jianjun, chair of the board at Aeolus, said the company's latest offerings — including snow tires, dedicated tires for electric buses and ultra-low rolling resistance products — are tailored for heavy-duty transport and new energy scenarios.
Since giant tires have become a strategic priority for Aeolus, the company broke ground in May on a 20,000-unit capacity factory in Jiaozuo.
The project is expected to raise annual output to 30,000 units by 2026, with trial runs and full production scheduled to begin in August next year. By enhancing product performance, service and overall competitiveness, the company aims to lift its global market share to 8 percent.
"We will diversify our portfolio in ports, underground operations and agriculture to enhance product quality, cut costs and strengthen competitiveness in both home and emerging markets," said Wang.
Having made steady progress during the 14th Five-Year Plan period （2021-25），the company still has considerable room to grow its overseas revenue, Wang said. Aeolus will optimize its global footprint by strengthening subsidiaries in Chile, Indonesia, South Africa and Australia, further expanding coverage across the world, he said.
"We will continue to capitalize on the market opportunities brought by the Belt and Road Initiative, actively expanding sales channels in participating countries and advancing its international footprint through multidimensional strategies," he added.
That sentiment is in line with the latest foreign trade data. China's trade with economies participating in the BRI increased 5.4 percent year-on-year to 15.3 trillion yuan ($2.15 trillion) in the first eight months of 2025, data from the General Administration of Customs showed.
