Hankook Tire signed a memorandum of understanding on Feb. 26 for the formation of a strategic technological partnership with Lanxess to co-develop synthetic rubber technologies for high-performance tires.
Under this agreement, the two companies will jointly study the development of new high-performance synthetic rubber grades and applications.
The two companies’ initial partnership began in 2008 for the supply of core materials for high-performance tires such as solution styrene butadiene rubber and neodymium performance butadiene rubber.