Kumho Increasing Prices
Effective April , Kumho Tire USA will increase prices up to 8%.
Kumho Hosts NBA All-Star Sweepstakes
Kumho Tire USA, the Official Tire of the NBA, has launched the “Kumho All-Star Sweepstakes,” giving two fans the opportunity to win a VIP experience at NBA All-Star 2017 in New Orleans, La., from Feb.17-20. “We’re proud to enter our fourth NBA season as the Official Tire of the NBA and excited to offer this
Kumho Extends German Soccer Club Sponsorship
Kumho Tire Co. extends its sponsorship of the German soccer club FC Schalke 04.
Report: Doublestar Preferred Bidder for Kumho Tire
Asia media reports China’s Qingdao Doublestar Tyre Co. was selected as the preferred bidder for the controlling stake of Kumho Tire Co.
Kumho Dealer Meeting Centers on Consistency and Growth
After launching 11 new products in 18 short months, Kumho Tire USA’s 2017 strategy mirrors its upcoming marketing, “Take Control.” In an optimistic business update presented to 30 of its top tire dealers and distributors at its dealer meeting Dec. 8 at the Ritz-Carlton Hotel in Grand Cayman, the company announced plans for growth through
Report: China’s SAIC Tops Kumho Bids
A new player has reportedly joined the race to acquire the controlling stake in Kumho Tire, and could possibly be the strongest contender. The Chinese state-owned aerospace and automotive firm Shanghai Aerospace Industry Co. (SAIC) reportedly placed the highest bid to acquire 42% stake in Kumho Tire in late November, Korean media reports. The amount bid
Kumho Partners with Charlotte Hornets
Kumho Tire has entered into a partnership to serve as the Official Tire of the Charlotte Hornets. “Kumho Tire is exhilarated to be the Official Tire of the Charlotte Hornets,” said Harry Choi, CEO of Kumho Tire USA. “Adding the Hornets to our roster of quality teams further amplifies our partnership with the NBA and
Report: Apollo Tyres Joins Race to Acquire Kumho
Indian tire manufacturer Apollo Tyres has reportedly joined the race to acquire Kumho Tire in a $900 million deal, according to the Indian news outlet The Economic Times. Just last week, Reuters reported that 10 different parties expressed interest in purchasing the controlling stake of Kumho Tire Co., according to an industry source. Interested parties are
Kumho Renews NBA Partnership with Multi-Year Deal
Kumho Tire and the National Basketball Association (NBA) have renewed their marketing partnership in the U.S., Canada and Korea with a multi-year extension. “The partnership with the NBA, the top professional basketball league, will help further boost our brand recognition and name value as a global tire maker not only in the United States
Report: Creditors Prepare to Sell Kumho Tire Share
After no moves were made it August, Reuters has reported creditors of Kumo Tire are still preparing to sell their 42% share in the tire company. It is estimated Kumho Tire could sell for at least 1 trillion won (about $870 million). A spokesperson for Korea Development Bank, Kumho Tire’s largest shareholder, told Reuters the deadline
Kumho Offering Fall Rebate
Kumho Tire U.S.A. is offering a “Start the Season off Right” fall rebate promotion for consumers. Between Sept. 1 – Oct. 31, customers who purchase a set of four eligible tires can qualify for a rebate up to $100. Qualifying products include: – Ecsta PS91, $100 rebate – Crugen HT51, Road Venture AT51 or the
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