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You are here: Home1 / Aeolus

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Doublestar suffers huge losses

Company News, International News
Austin Diste; Unsplash

At the end of January, three Chinese tyre companies released their 2022 performance forecasts, which show that Aeolus and Linglong are in profit, but reveal huge losses at Doublestar.

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  1. Serbia open for business
  2. The top 10 listed Chinese tyre companies 2022
  3. Chinese listed tyre companies release third-quarter results
  4. Sailun rising: China’s listed tyre companies ranked in 2022 Q3
3rd February 2023/by Xuda Wang

Wang Feng resigns as general manager of Aeolus

Career Tracks, International News
Fengshen

On 19 January 2023, Aeolus stated that Wang Feng resigned from the role of general manager due to work needs. However, while he has left that position, Wang Feng remains chairman of Aeolus. On 5 December 2022, Wang Feng was appointed as the chairman of China National Tire & Rubber Co., Ltd. (CNRC), the controlling shareholder of Aeolus

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Related news:

  1. Wang Feng resigns as Aeolus Tyre chairman
  2. Aeolus Tyre is a ‘strategic’ enterprise for China
  3. Wang Feng appointed chairman of CNRC
  4. Chinese truck tyres: EC proposes revised anti-dumping duties
31st January 2023/by Xuda Wang

Top 10 Chinese tyre industry events in 2022

International News

In 2022, several significant events took place in China’s tyre industry. These things had a profound impact on the tyre industry not only in 2022, but for a long time.

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  1. Serbia open for business
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4th January 2023/by Xuda Wang

Wang Feng appointed chairman of CNRC

Career Tracks, News
Fengshen

At a dealer meeting held by Aeolus on 16 December 2022, Wang Feng delivered a speech as “Chairman of China National Tire & Rubber Co., Ltd. (CNRC) and Chairman of Aeolus”. Wang Feng emphasised that in 2021, the sales revenue of Aeolus, Prometeon Tyre Group S.r.l. (PTG), and Pirelli ranked fifth in the world and first in China. The sales revenue of Aeolus and PTG ranked among the top three in China’s domestic industry.

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Related news:

  1. Aeolus officially controls 100% of Prometeon Tyre Group
  2. Simon Michael appointed Prometeon MD
  3. Ex-Triangle and Goodyear Tire executive Cohade joins Johnson Controls
  4. Former chairman of Sinochem Holdings Ning Gaoning retires
21st December 2022/by Xuda Wang

Domestic Chinese tyre companies in recruitment drive

International News
Andreas Felske; Unsplash

Recently, several tyre manufacturers have released recruitment information, which is not enough to be strong evidence that China’s tyre industry is gradually recovering. However, the recruitment information shows that some Chinese tyre companies have not hesitated in the challenging environment.

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Related news:

  1. Serbia open for business
  2. The top 10 listed Chinese tyre companies 2022
  3. Sailun rising: China’s listed tyre companies ranked in 2022 Q3
  4. Aeolus and Doublestar both report sharp declines in net profit
7th December 2022/by Xuda Wang

Pessimistic Chinese tyre industry: what does the future hold?

International News, Premium
Christian Lue; Unsplash

2022 has been a challenging year for the Chinese tyre industry. This year is coming to an end, but a feeling of anxiety is crossing regions and classes and spreads throughout the industry. From manufacturers to distributors, from vulcanisation workshop workers to corporate executives, many professionals are asking the question: Where is the future of China’s tyre industry?

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Related news:

  1. The top 10 listed Chinese tyre companies 2022
  2. Sailun rising: China’s listed tyre companies ranked in 2022 Q3
  3. Chinese tyre makers off-shoring in Southeast Asia
  4. Chinese listed tyre companies release third-quarter results
2nd December 2022/by Xuda Wang

Aeolus approves 610 million yuan investment plan

International News, Product News
Aeolus

On its 10 November board meeting, Aeolus approved a project with a total investment of 610 million yuan (about 73.12 million pounds, 82.93 million euros) at its manufacturing base in Jiaozuo, China. It is reported that the tyre company plans to increase the annual production capacity of 80,000 tyres through reconstruction, including giant tyres and engineering radial tyres. The construction period is expected to be 18 months.

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Related news:

  1. Yokohama Prometeon bid nearing completion, Aeolus Tyres now involved
  2. Aeolus becomes Prometeon Tyre Group
  3. Prometeon to launch new Pirelli Itineris tyre range at Autopromotec
  4. EU makes final truck tyre anti-dumping duties decision, retains fixed rates for manufacturers
16th November 2022/by Xuda Wang

Sailun rising: China’s listed tyre companies ranked in 2022 Q3

Company News, International News
Sailun

Based on stock market reporting for the third quarter of 2022, the top nine Chinese listed tyre companies ranked by revenue are Sailun, Linglong, Triangle, Huayi (the holding company of Double Coin), Guizhou Tyre, Sentury, Aeolus, Jiangsu General, and Doublestar. (The leading Chinese tyre company according to Tyrepress global rankings is ZC Rubber (Hangzhou Zhongce), but it is not listed.) The figures show that Sailun has completed a meteoric rise this year to become the Chinese tyre industry’s stock market leader, with an income of more than 6 billion yuan in the quarter, putting it within reach of the global top 10 tyre manufacturers.

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  1. The top 10 listed Chinese tyre companies 2022
  2. Chinese listed tyre companies release third-quarter results
  3. Show review: Reifen China 2014
  4. Chinese tyre makers off-shoring in Southeast Asia
2nd November 2022/by Xuda Wang

Chinese listed tyre companies release third-quarter results

Company News, International News
Linglong

At the end of October, several listed companies, including Linglong, Triangle, Sailun, Aeolus, Jiangsu General, Guizhou Tyre (Advance), Doulestar and Sentury, released their operating results for the third quarter. In the third quarter, Linglong produced 17,015,900 tyres and sold 16,623,600 tyres, with a revenue of about 4.37 billion yuan (about 520 million pounds, 600 million euros) and a net profit of about 110 million yuan (about 13.1 million pounds, 15.22 million euros).

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Related news:

  1. The top 10 listed Chinese tyre companies 2022
  2. Sailun rising: China’s listed tyre companies ranked in 2022 Q3
  3. Chinese tyre makers off-shoring in Southeast Asia
  4. Show review: Reifen China 2014
31st October 2022/by Xuda Wang

Aeolus makes first 63-inch giant OTR tyre

International News
Aeolus

On 11 October, a 59/80R63 radial engineering tyre rolled off the production line at Aeolus’s Jiaozuo manufacturing base. This giant OTR tyre has a diameter of over four metres and a weight of nearly six tons. It is mainly used for giant mining weighing about 400 tons.

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Related news:

  1. Aeolus becomes Prometeon Tyre Group
  2. Prometeon/Aeolus integration stalls
  3. Yokohama Prometeon bid nearing completion, Aeolus Tyres now involved
  4. Aeolus officially controls 100% of Prometeon Tyre Group
14th October 2022/by Xuda Wang

Aeolus officially controls 100% of Prometeon Tyre Group

Company News, International News
Source: T&A research

On 4 August 2022, Aeolus announced it was ready to sign a supplementary agreement with China National Tyre & Rubber Co., Ltd (CNRC). Through that agreement, CNRC has entrusted Aeolus with a 38 per cent stake in Prometeon Tyre Group S.r.l. (PTG).

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Related news:

  1. Pirelli truck tyres separating and merging with Aeolus/ChemChina
  2. Prometeon/Aeolus integration stalls
  3. Yokohama Prometeon bid nearing completion, Aeolus Tyres now involved
  4. Yokohama’s Prometeon bid: Delayed by Covid, but nearing completion
10th August 2022/1 Comment/by Xuda Wang

Aeolus relocates former Double Happiness tyre factory

International News
Aeolus

Progress has been made in the relocation of Aeolus’s Qingxu County, Taiyuan City, China tyre factory. Specifically, the Qingxu county government has already determined the factory’s new address. A few days ago, the relevant departments invited a design team to inspect the factory’s new location and discuss the relocation project’s design plan. At present, the design unit is preparing a feasibility proposal.

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Related news:

  1. Hangzhou Zhongce confirms Thai factory reports
  2. Open for business: T&A tours Triangle HQ and manufacturing base
  3. ChemChina to create world’s fourth-largest industrial tyre company
  4. Aeolus continues to rise in Chinese tyre market
4th August 2022/by Xuda Wang

Aeolus and Doublestar both report sharp declines in net profit

Company News, International News
Doublestar

Aeolus and Doublestar recently reported operating results for the first half of 2022. Both show sharp declines in net profits for the two companies that have controlling interests in global tyremakers Prometeon and Kumho respectively.

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Related news:

  1. Serbia open for business
  2. The top 10 listed Chinese tyre companies 2022
  3. Profits fall at large Chinese tyremakers
  4. Doublestar back in pole-position for Kumho purchase
19th July 2022/by Xuda Wang

The top 10 listed Chinese tyre companies 2022

Company News, International News
Mylene2401; Pixabay

Chinese listed tyre companies have successively released their 2021 annual reports in recent weeks. Here, Tyrepress analyses these annual reports’ comparing developments in revenue, operating conditions and overseas factory strategy. And the short story is Linglong remains the largest tyremaker amongst the top 10 listed Chinese tyre companies and that Sailun is the fastest growing.

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Related news:

  1. Chinese tyre makers off-shoring in Southeast Asia
  2. Serbia open for business
  3. Show review: Reifen China 2014
  4. ZC Rubber still number one tyre manufacturer in China 
10th June 2022/3 Comments/by Xuda Wang

Aeolus adds Neo bus tyre to commercial vehicle tyre range

Product News
Aeolus

Aeolus has launched its new NEO Urban D bus tyre in size 275/70R22.5. The tyre has been specially developed for the drive axle. Jeroen Vos, Aeolus product manager comments that the new addition “allows us to offer a complete range of tyres for city buses, in a variety of sizes and patterns.” The tyre is available in much of Western Europe via Heuver, which has distributed the brand since 2004.

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Related news:

  1. Aeolus introducing CV steer winter tyre
  2. Aeolus hosts more than 200 in Italy for launch of Neo commercial tyre series
  3. Allroads models to complement Aeolus Neo range
  4. Continental wins tyre design complaint against wholesaler Heuver
13th August 2020/by Andrew
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