Fire at Hankook Plant
A fire broke out at Hankook Tire Co.’s Daejeon, South Korea, plant this past Tuesday, according to reports from Yonhap News. The fire is not expected to affect the tiremaker’s production as most of the damage occurred to its warehouse. Roughly a fifth of the plant’s warehouse and 180,000 tires were lost to the blaze.
Truck Tire Marketshares and Language Issues
If you want to understand what the phrase “lingering effects” means when speaking about the Great Recession, one can look at the current state of the U.K. medium truck tire market. Earlier this month, Tyres & Accessories revealed its 2014 rundown of truck tire brand marketshares in the still-together U.K. and topping the list was
Hankook OEM for Truck Supplier
Hankook will supply original equipment tires for MAN Truck & Bus AG starting in 2015. The partnership with MAN will initially concentrate on the European market and cover 25 tires sizes in the 22.5 and 24-inch range, Hankook said. The tiremaker will supply its e-cube MAX, SmartFlex and SmartWork for various MAN models. MAN Truck
Hankook Offers Fall Rebate Promo
With the baseball playoff season coming up, Hankook Tire America Corp. is launching its 2014 “Great Hit” fall mail-in rebate promotion. The “Great Hit” promotion launches on Sept. 1 and runs through Oct. 31. The rebate promotion offers consumers a rebate of $80 when purchasing a set of four select Hankook Ventus V12 evo2 (K120)
Hankook Hungary Workers Protest Alleged Union Firings
The Federation of Chemical Workers of Hungary (VDSZ), which represents some employees at the Hankook tire plant in Hungary, held a demonstration outside the facility earlier this week to protest what it terms “harassment” of union leadership by the company. The VDSZ action against Hankook Tire Hungary Ltd.’s plant in in the city of Rácalmás,
Hankook Sees Sales, Profits Drop in First Half
Hankook Tire Co. posted first half 2014 sales of $3.18 billion, down 6% from the same period last year. The tiremaker’s operating income also fell for the period, down 4.3% to $487.2 million.
Hankook OE on Mercedes-Benz C-Class
Hankook Tire’s Ventus S1 evo2 will outfit the Mercedes-Benz C-Class. The tire, size 225/50 R 17 W, will be available as OE in both the standard and runflat various, the tiremaker said. The Ventus is already OE on the Mercedes Benz S- and E-Classes. “The new C-Class is already the third Mercedes-Benz premium model that
Hankook Partners with Maple Leafs
Hankook Tire Canada Corp. signed an agreement to be the official tire of the Toronto Maple Leafs hockey club. “We’re so proud to continue the tradition of supporting hockey and sports in Canada,” said Sean Yang, Hankook Tire Canada president. “We couldn’t be more excited to partner with such a historic and highly regarded brand
Report: Hankook Carrying ‘Record Inventory Glut’
South Korea’s Yonhap news agency reported this morning that Hankook Tire Co. “has scaled back production due to its record inventory glut.” The agency said Hankook was carrying an inventory of 660,000 units, “equal to 8.5 percent of the 7.75 million tires it makes in a month.” The company said that the inventory surge was
Hankook Concept Tires Honored at IDEA
Two Hankook Tire concept tires were awarded International Design Excellence Awards (IDEA) in the transportation category. The recognized tires, Tilread and eMembrane, were produced in collaboration with the University of Cincinnati. With this recognition, Hankook has been honored at three of the world’s design competitions in 2014. The tiremaker’s Ventus V12 evo2 was recognized with
County Building Emergency Services Complex to Serve Hankook
Reaffirming their commitment to Hankook Tire America Corp., Montgomery County officials will build an emergency services complex to serve the tiremaker’s plant that is being constructed in Clarksville, Tenn. The emergency services complex was promised to the tiremaker as part of an incentive package used to lure the $800 million project, The Leaf Chronicle reports.
Hankook Survey Finds Canadians Anxious About Flats
Hankook Tire Canada Corp. conducted its annual survey of drivers from coast to coast and released its statistics in its 2014 Hankook Tire Canada Spring Index. The study found that a major anxiety facing Canadians is the fear of getting a flat tire. Eighty four percent of those polled believe that getting a flat tire