JIAOZUO, China—A project to add 30,000 units per year of capacity for engineering tires, including jumbo tires, at Aeolus' existing site in Jiaozuo was approved in May.
The project will be conducted by Guilin Beili, a fully owned subsidiary of Aeolus with 1 million annual capacity for truck and bus tires. The company plans to invest about $23 million into the expansion, according to China's construction project bidding website.
"It will draw support in manufacturing process, formula and finite element simulation technology from Prometeon Tyre Group," Pirelli's industrial tire unit, "and be backed by Beijing Research and Design Institute of Rubber Industry," a leading institute in jumbo tire under ChemChina, according to the website.
A range of Guilin Beili's jumbo tire facilities will be moved to the Jiaozuo site. The project is scheduled to start construction in January 2018 and come on stream in June 2019.