aeolus-truck-tires

‘New Aeolus’ saves costs through materials purchasing strategy

Beijing – ChemChina-owned Aeolus Tyre has saved over €6.4m in 2017 through a new purchasing strategy, established following its integration last year with Pirelli & C. SpA’s industrial unit.

In a recent ChemChina statement, the Jiaozuo-based industrial tires maker linked the gains to “collaborative purchase” of natural rubber and other raw materials.

Describing itself as “New Aeolus”, the company said it had “purchased over 100 thousand of raw materials via an e-commerce platform between January and October 2017.”

On-line purchase prices were “lower than the SICOM market…

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