Tiremakers Go Global
(Akron/Tire Review – Korean Times) Korean tiremakers are going global and setting up operations overseas – Hankook Tire is constructing a factory in Hungary, Kumho in Vietnam and Nexen in Qingdao, China.
Hankook Reportedly Ahead of Schedule with Hungarian Plant
(Akron/Tire Review) South Korean tiremaker Hankook Ltd. said it may be able to complete the first phase of the construction of its new 92,000-square meter plant in Duna
Hankook Sets 2007 Global Sales Target of $3.6 Billion
(Akron/Tire Review) Hankook Tire has set a global sales target of up to $3.6 billion and an operating profit of $340 million for 2007.
Hankook ‘s Earnings Fall on Raw Materials, Currency
(Akron/Tire Review) Yonsap News reported that Hankook Tire Co.’s 2006 earnings fell 22% vs. 2005 results, driven down by raw materials costs and the strength of the won against the U.S. dollar.
Hankook Gets Audi Fitment in China
(Akron/Tire Review) Hankook Tire Co.’s China operations will supply tires to Audi for sedans to be marketed in that country next year.
Hankook Says Hungary Plant to Open Mid-2007
(Akron/Tire Review) The Budapest Sun reported that Hankook Tire Corp. expects that its new tire plant in Hungary will be operational by mid-2007.
JMPR Tapped as Hankook’s PR Agency
(Akron/Tire Review) Woodland Hills, Calif.-based JMPR Public Relations has been named the PR agency of record for Hankook Tire America Corp.
Pae New Hankook President
(Akron/Tire Review) H.Y. (Greg) Pae has been named president of Hankook Tire American Corp., replacing J.W. Choi, who was reassigned to head Hankook’s China operations. Pae took over as of Dec. 1.
Hankook Sees Fall Off in Sales, Profits
(Akron/Tire Review) Hankook Tire Co. reports that its third-quarter profits dropped 16% vs. the same period last year.
Vredestein Wins Auto Express Tire Test
(Clacton, U.K./Tyres & Accessories) Vredestein is celebrating its fifth straight win in the annual Auto Express tyre test.