Aeolus Tyre is a ‘strategic’ enterprise for China
Even today the number of Chinese tyre makers, and tyre brands, remains exceptionally high. The necessity for consolidation is obvious and something China’s authorities are well aware of. And in the People’s Republic of China, where the state has a closer relationship to the market than in the West, how a firm appears to measure up can be crucial. Tyre makers who fail to meet targets set for them fall by the wayside while those who establish a global presence grow in favour and are viewed as strategically significant enterprises. This state-business relationship also means companies can rely upon government support in one form or another – and this certainly applies in the case of Jiaozuo, Henan Province-based Aeolus Tyre Co., Ltd.