Aeolus Tyre increases sales, profits in first half

ERJ staff report (DS)

Henan Province, China -- In its six-month review, Aeolus Tyre said sales in the first six months of 2011 increased by 32 percent, while profits increased even further, challenging the view that Chinese tyre makers have suffered from high raw material prices.

Aeolus said sales reached 5.525 billion yuan (euro 604 million), an increase of 32 percent. Profits reached 166 million yuan (euro 18.1 million), an increase of 42 percent;

The comapny said brand value has improved significantly. World Brand Lab latest data suggests that, "Aeolus" brand value from last year's 3.768 billion yuan climbed to the current 5.917 billion yuan, a net increase of 2.149 billion yuan,

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Press release from Aeolus (Chinese language)

Above Press releaseauto-translated into English from Chinese