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.
Industry Mixed on Recent Chinese Tire Tariffs
As a whole, the tire industry remains mixed in its reaction to the most recent round of tariffs imposed on Chinese imports, which includes Chinese tires and tire-related materials.
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.
Industry Overview: South Korean Roots Anchor Global Tire Brands
Despite its small geography, South Korean tire producers have put their country firmly on the map as one of the major tire producing countries globally. Though 2017 was not one of the best years for domestic tire consumption, surging exports and overseas production facilities made up for the shortfall in domestic consumption for South Korean
Industry Update: Growth in Adversity for China-Based Tiremakers
Despite a very tough year, the Chinese tire industry continues to make headlines for its sheer size, overseas expansions and tariff and non-tariff barriers.
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.
Is Tire Bank Joining the Bid for Kumho Tire?
A South Korean company has expressed interested in buying the debt-ridden Kumho Tire Co. just days before its deadline to finalize a deal with a Chinese tiremaker.
Kumho Tire’s Fate: End of March Deadline Set
Creditors for Kumho Tire have decided to postpone discussing the debt-ridden company’s fate until the end of the month
Kumho Tire Creditors Continue with Negotiations
The main creditor of Kumho Tire, Korea Development Bank (KDB), is again in negotiation with China’s Qingdao Doublestar, but additional variables in play may pose serious challenges to any new deals.
Task Force Formed to Help with Kumho Tire Restructure
The Korea Development Bank has established task forces to handle the acquisition, merger and restructure of Kumho Tire.