Aeolus saves costs through materials purchasing strategy

Time: Dec 29th 2017   Copy editor: Tyrefull

ChemChina-owned Aeolus Tyre Co. Ltd. saved more than $7.6 million in 2017 through a new purchasing strategy, that was established following its integration last year with Pirelli.

In a recent ChemChina statement, the Jiaozuo-based industrial tire 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 [units] of raw materials via an e-commerce platform between January and October 2017." Online purchase prices were "lower than the SICOM market price by more than 4 percent," according to the statement.

The company also added that it had prioritized purchase management since its integration with Pirelli. The Chinese tire maker also has undertaken "global resource" management strategy, modeling Pirelli's experience in the Chinese domestic market.

To further these efforts, Aeolus set up an Asia-Pacific procurement head office in Beijing. Combined, the firm said, these efforts have "significantly improved its level of purchase management."

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