Doublestar Completes Acquisition of 45% Stake of Kumho Tire
By this, Doublestar becomes Kumho Tire’s controlling shareholder.
Report: Chairman Park Still Eyeing Kumho Tire Acquisition
Kumho Asiana Group Chairman Park Sam-koo appears to be continuing efforts to reacquire Kumho Tire as creditors prepare to sell their 42.01% stake in the tiremaker, Korean media reported. According to media reports, Park visited Kumho’s facility in Gwangju, South Jeolla Province, recently where he met with labor union representatives and workers. The visit was
Report: Conti, Michelin Considering Kumho Tire Acquisition
Continental AG is reportedly in talks to join the bidding for Kumho Tire Co., The Korean Herald reports. Other companies interested in acquiring Kumho include Chinese state-owned ChemChina and France’s Michelin, according to the report. Analysts have further said that Kumho is an attractive buy to global firms because of its several plants in China
Kumho Tire Appoints Jeon Dae-Jin as President, CEO
Kumho Tire has appointed Jeon Dae-jin, currently senior executive vice president, as the new CEO. During his 35-year tenure with Kumho, Jeon has held various leadership roles in compound research, technology development and bolstered the manufacturing process in an effort to increase productivity, efficiency, and effectiveness. In his inaugural speech, President Jeon Dae-jin said, “To
Kumho Tire Simplifies Product Lines, Amps Up Dealer Tools for 2019
During its 2018 dealer meeting in Costa Rica, Kumho Tire USA emphasized how it will streamline its product offerings, grow its OE side of the business and further study its position in the market to enhance dealer profit margin in 2019.
Kumho Signs Technology Transfer Agreement with Pakistani Manufacturer
Kumho Tire Co. signed an agreement to transfer its tire manufacturing technology to Century Engineering Industries of Pakistan.
Kumho Hopes to Build Brand Value with Doublestar Deal
As a result of the deal, planned investments will help stabilize the company, upgrading and expanding manufacturing, R&D and reach of the global tire brand.
Kumho Workers Accept Sale to DoubleStar
Kumho Tire Co. is one step closer to reconciling its debt.
Kumho Tire Union Opts to Vote on Doublestar Deal
In Korea, the Kumho Tire labor union has decided to finally hold a vote on whether to accept the acquisition bid by the Chinese tiremaker.
Deadline Looms for Kumho Tire Sale
With a Friday deadline approaching, Kumho Tire may be headed to a court receivership as its labor union refuses to accept a deal from Qingdao Doublestar for a majority investment in the company.