- Business
- Aeolus Tyre Co., Ltd. (600469.SS) manufactures and sells a broad range of industrial tires, primarily for trucks, buses, construction machinery, agriculture, and earth-moving equipment in China and internationally. The company produces over 1,000 specifications and varieties of tires under brands including Fengshen, Fengli, and Henan, encompassing all-steel radial tires, oblique tires, truck and bus radial (TBR) tires, off-the-road (OTR) tires, passenger vehicle tires, agricultural tires, light truck tires, dump truck tires, loader tires, underground mining tires, road roller tires, desert tires, port machinery tires, and other specialized products; annual capacity exceeds 7 million truck and bus tire sets and 800,000 engineering tire sets. Founded in 1965 and headquartered in Jiaozuo, China, Aeolus operates production facilities focused on high-quality, durable tires with features such as low rolling resistance, excellent grip, and retreadability options, serving domestic giants like Liugong and Dongfeng Commercial Vehicles as well as global clients including Volvo; products reach over 140 countries, with strong positions in premium European and other international markets. In recent developments, the company pursues aggressive expansion in giant OTR tires through a RMB1.464 billion project to add 20,000 units annually, supported by staged equity issuances including RMB300 million to 16 investors in early 2025; it established subsidiaries Aeolus (South Africa) Construction Machinery Tyre Co. and Aeolus (Australia) Construction Machinery Tyre Co. in mid-2025 with investments of 15 million South African Rand and A$2.4 million to boost off-road tire and conveyor belt sales in key regions; additionally, its controlling shareholder China National Tire & Rubber Co., Ltd. entrusted it with an extra 38% equity in Prometeon Tyre Group in 2022, enhancing its global industrial tire footprint amid shifting market dynamics toward OTR growth.