Hankook Tire Acquires Digital Prototype Company

"The acquisition is in line with the company’s strategy to secure new growth engines by aggressively acquiring companies with advanced technology and design capabilities," according to the report.

Published: May 14, 2018

According to Business Korea, Hankook Tire has acquired a 75% share of Model Solution, a Korea-based advanced digital prototype solution company, for an estimated $62 million USD.

“The acquisition is in line with the company’s strategy to secure new growth engines by aggressively acquiring companies with advanced technology and design capabilities,” according to the report.

Model Solution specializes in design and manufacturing of prototypes and molds for new products across many product markets. The company, founded in 1993, began its work in prototype solution services in 2007 and currently has over 400 clients globally.

Cosmo Tires to include 40,000-70,000 mileage warranty on all PLT tires

Cosmo will continue its portfolio expansion later this year when it launches its new Gripit X/T, Rockit R/T, and Cosmo Kurrent.

By Christian Hinton

Published: April 22, 2024

Cosmo Tires, distributed by Tire Group International, has introduced changes to its mileage warranty and road-hazard programs which will now feature a mileage warranty of 40,000-70,000 miles for all passenger and light truck tires offered.

“Our products are over-built and tested on the most rigorous tracks and terrains around the globe and this reflects our investments in manufacturing and quality. Now, all passenger and light truck tires carry Cosmo’s road hazard and mileage warranty ranging from 40,000-70,000 miles," said Dominick Montouri, chief strategy officer of Tire Group International, said.