Aeolus Tyre goes green in China
If Aeolus Tyre Co. Ltd. was playing environmental poker, it would be “all in.” The company is producing all its truck, trailer and earthmover tires in a clean, sustainable way. According to the company, it is the first Chinese tire maker “to go completely green.” At a recent gathering in Jiaozuo, China, Aeolus Tyres Vice President and General Manager Wang Feng unveiled a...
Read MoreAeolus Tire implements life cycle analysis
Beijing – Aeolus Tire has implement what it describes as a life cycle analysis system for its tyre manufacturing. The company claims it will be the first in China to use the new approach. The system tracks and identifies all components in the factory using a barcode system. This helps to track energy consumption and also to track quality. The first trials were carried out in January 2010 Since...
Read MoreAeolus Tyre takes 40% share in China JV
China’s Aeolus Tyre Co., Ltd will reportedly enter a joint venture with four other parties. The tyre maker is said to be investing RMB 40 million (£3.8 million) in the joint venture, a figure that will give it a 40 per cent share. China National Tire & Rubber Corporation will hold a 35 per cent share while a Shanxi-based tyre company, a Guilin-based rubber company, and a Qingdao-based...
Read MoreWith high market share in commercial vehicle, MRF Tyres can sustain growth
MRF Tyres , the largest tyre manufacturer by revenue, has outperformed its peer group in the quarter ended March ’11 by recording double-digit growth in the topline and a lower-than-expected decline in the bottomline. However, despite the betterthan-expected financial numbers, the stock of the company has underperformed the BSE benchmark Sensex in the past one month. This is due to the...
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