An inductively heatable aerosol-forming rod for an aerosol-generating article is provided, including one cylindrical core portion including a first aerosol-forming substrate; at least one elongate susceptor laterally abutting the cylindrical core portion in a non-bonded manner along a longitudinal axis of the aerosol-forming rod; and a sleeve portion arranged around the cylindrical core portion and the susceptor, the sleeve including at least one of a filler material and a second aerosol-forming substrate. A shaping device for manufacturing the inductively heatable aerosol-forming rods is also provided, the shaping device including a core-forming device, a sleeve-forming device, and a longitudinal guide.