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 Egypt operations and will focus on the production of truck and bus radial tyres, agricultural tyres, and off-the-road industrial tyres. Planned annual capacity includes 1.5 million truck and bus tyres alongside 30,000 engineering radial tyres and 30,000 agricultural radial tyres. Construction is expected to take approximately 20 months.
According to company filings cited by industry media, the investment forms part of Aeolus’ broader international manufacturing strategy aimed at strengthening access to overseas markets while expanding its global production footprint. The Alexandria project will utilise part of Prometeon’s existing infrastructure alongside adjacent land designated for future production capacity.
The investment also highlights Egypt’s increasing attractiveness as a manufacturing gateway supported by strategic logistics access, industrial zones, and competitive export positioning connecting Europe, Africa, and the Middle East.
Prometeon’s Alexandria facility has already emerged as one of the group’s key industrial and research centres in the region following earlier investments focused on technology upgrades and sustainability initiatives.
The project adds to growing Chinese industrial investment in Egypt as manufacturers increasingly position the country as a cost-competitive production and export base serving regional and international markets.
