Aeolus enters OTR market in Chile, Indonesia

Aeolus has set up two new subsidiaries in Chile and Indonesia to be responsible for tyre import and export and wholesale. Tyrepress China learned that the tyre manufacturer wants to “adapt to the needs of strategic planning and business development, promote the company’s exchanges and cooperation with the international market, continuously expand business fields, accelerate the process of internationalisation, and enhance international competitiveness.”

The board of directors of Aeolus has considered and approved the proposal to establish two subsidiaries. Both subsidiary names include OTR. It can be predicted from the name that expanding the local OTR market will be one of the important reasons for Aeolus to set up two subsidiaries.

The tyre manufacturer stated that the establishment of two overseas subsidiaries can “promote the transformation and upgrading of the company’s product structure, further deepen the development of sales channels in key regional market segments and shorten the sales chain to achieve market share and profit improvement.”

In addition, Aeolus also mentioned that the establishment of multiple subsidiaries has certain risks, such as “laws and policy systems, and business environments” that are different from those in mainland China.