Aeolus to Invest $395 Million in Egypt Tyre Manufacturing Expansion

Chinese tyre manufacturer Aeolus Tyre Co., Ltd. plans to invest nearly $395 million in a major tyre manufacturing project in Alexandria, reinforcing Egypt’s growing role as a regional industrial and export hub serving African, Middle Eastern, and European markets. The project will be developed through a new joint venture linked to Prometeon Tyre Group’s existing […] The post Aeolus to Invest $395 Million in Egypt Tyre Manufacturing Expansion appeared first on The Middle East Observer.