Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
  • Tire Business
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Tire
    • Airless Tires
    • Non-Tire
    • More News
    • Suppliers
    • Silicone
    • Latex
    • Technical Notebooks
    • Opinion
    • Online Exclusive
    • Special Reports
    • Automotive
    • Executive Action
    • Government/Legal
    • Sustainability
    • Blogs
      • Products
      • Wacky World of Rubber
    • Best Places to Work
    • War in Ukraine
    • Rubber Division IEC
    • ITEC
    • Women Breaking the Mold
  • PFAS
  • Custom
    • Sponsored Content
    • White Papers
  • Resources
    • Directory
    • Classifieds & Mold Mart
  • Data
  • Events
    • RN Events
    • RN Livestreams/Webinars
    • Industry Events
    • Past Events
    • Rubber News M&A Live
    • PFAS Live
    • Ask the Expert
    • International Tire Exhibition & Conference (ITEC)
    • Women Breaking the Mold Networking Forum
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
November 01, 2016 02:00 AM

Aeolus explores ramping up presence in U.S.

Tire Business Report
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    JIAOZUO, China—Aeolus Tyre Co. Ltd. is exploring its options regarding adding truck tire manufacturing capacity outside of China as part of its strategy to maintain its market presence in the U.S., where it faces import duties of roughly 49 percent.

    Aeolus Tyre, which is in the process of integrating its manufacturing assets with those of China National Chemical Co.'s two truck and bus tire subsidiaries, said its revamped structure will allow it to deal more effectively with the pending U.S. duties on Chinese truck and bus tires and make Aeolus brand more competitive in the U.S. market.

    The U.S. market can expect to see these new changes gradually implemented in 2017, Aeolus said.

    “These changes will include sourcing new manufacturing capacity outside of China,” said Xu Xin, Aeolus's director of international truck, bus, radial sales and marketing.

    The company did not elaborate at this time on its options for securing manufacturing capacity outside of China.

    Aeolus claims an approximate 2.5 percent share of the U.S. medium radial truck tire replacement market and said its strategic objective is to enhance its brand further by delivering products that offer an optimal mix of cost and performance.

    Aeolus claims that synergies of the combined group—which also includes a 10 percent stake in Pirelli Industrial, the Italian tire maker's commercial tire business unit that's being spun off under the ChemChina-Pirelli global merger—are expected to provide new marketing and product opportunities to raise the Aeolus commercial brand position.

    “The Aeolus brand has maintained a high reputation for product quality in the market. Aeolus is committed to continued supply of high quality products while increasing value to our clients in the U.S., Xu said.

    Chinese tire makers are facing U.S. antidumping duties of 30.36 percent and countervailing duties of 20.22 percent, according to the U.S. Department of Commerce, which is scheduled to make a final ruling on these rates by Jan. 17 at the latest.

    Related Articles
    Aeolus stock suspended on Shanghai exchange
    Aeolus, Pirelli cooperation moving forward
    China National Rubber, Pirelli approve ownership transfer
    Pirelli reshuffles, draws up IPO
    CRIA to fight U.S. tire duties
    Letter
    to the
    Editor

    Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    Most Popular
    1
    Updated: UAW expands strike on Ford, GM
    2
    Freudenberg works to reduce CO2 footprint in facilities, compounding ingredients
    3
    UAW strike prompts smaller suppliers to seek federal aid
    4
    Egypt investors propose $1 billion tire plant project
    5
    Analysis: UAW strike just one issue to watch in auto industry
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Careers
    • Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Urethanes Technology
    • Automotive News
    • Crain Brands
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • News
      • Tire
      • Airless Tires
      • Non-Tire
      • More News
        • Automotive
        • Executive Action
        • Government/Legal
        • Sustainability
        • Blogs
          • Products
          • Wacky World of Rubber
      • Suppliers
      • Silicone
      • Latex
      • Technical Notebooks
      • Opinion
      • Online Exclusive
      • Special Reports
        • Best Places to Work
        • War in Ukraine
        • Rubber Division IEC
        • ITEC
        • Women Breaking the Mold
    • PFAS
    • Custom
      • Sponsored Content
      • White Papers
    • Resources
      • Directory
      • Classifieds & Mold Mart
    • Data
    • Events
      • RN Events
        • International Tire Exhibition & Conference (ITEC)
        • Women Breaking the Mold Networking Forum
      • RN Livestreams/Webinars
      • Industry Events
      • Past Events
      • Rubber News M&A Live
      • PFAS Live
      • Ask the Expert
    • Advertise
    • DIGITAL EDITION