Kumho Asiana Regains Control of Holding Company
Kumho Asiana Group has taken back control of its holding company Kumho Industrial, according to the Korean Times. In 2009, Kumho Asiana Group had to sell off its controlling stake in the holding firm as part of its creditor-managed workout program. Kumho Chairman Park Sam-koo has been working on regaining control of the company for
Starting Off Fresh
If ever there was a tiremaker seeking a rebirth it might well be Kumho Tire USA Inc. Victim of its own inconsistency, the global economic meltdown and problems with its parent company in South Korea, the North American arm appears to have shaken off all of that and sees better days ahead. The turn of
Kumho Wins Design Accolades
Kumho Tire Co. has won design awards for four of its latest products. The tiremaker’s Sealant Tire and Solusu HA31 earned a 2015 Korea Good Design Award from the Korea Institute of Design Promotion. Additionally, Kumho’s Ecsta PS91 and KRA50 were recognized at the 2015 Good Design Awards by the Chicago Athenaeum: Museum of Architecture
Kumho Relocating China Plant
Kumho Tire Co. is relocating its facilities in Nanjing, China, to a new site in Pukou, roughly 19 miles away. The two separate, existing PCR and TBR plants will be combined into a single new factory that will be equipped with “new high-end machines and technology” capable of producing “globally competitive high quality tires,” Tyres
Kumho Tire Ushering in New Era
Kumho Tire USA is embarking on a new era in 2016, Harry Choi, its president and CEO, told tire dealers during Kumho’s recent dealer meeting in St. Lucia on Dec. 3. The tiremaker has undergone several major changes in 2015 including a headquarter relocation from Rancho Cucamonga, Calif., to Atlanta and working to get its
Kumho Interactive NBA Ad Wins Award
Kumho Tire USA Inc. has been awarded the 2015 Event Technology Award for Best Touch/Gesture Interactive ad category for its virtual NBA game/ad in New York City. The touch screen ad in New York City’s Times Square subway station was set up during the 2015 NBA All Star Weekend and allowed participants to play an
Construction Worker Injured at Kumho’s Macon Plant
Officials are investigating an incident in which a construction worker suffered serious injuries at the Kumho Tire USA Inc. plant in Macon, Ga., on Thursday, local media reports. Kumho has met with the Department of Labor’s Occupational Safety and Health Administration as the agency investigates what caused the 19-year-old construction worker to fall from a
Kumho Relocating North American HQ
Kumho Tire USA has relocated its corporate headquarters from Rancho Cucamonga, Calif., to Atlanta. The relocation will help Kumho streamline communication and cooperation within the company by placing its management team and its support team near its new U.S. factory and distribution center. Kumho’s new plant is opening just south of Atlanta in Macon, Ga.
Kumho Union Suspends Strike
After more than a month of strikes, unionized workers at Kumho Tire Co.’s factories have halted their strike and will return to work. The union decided to suspend its strike so it can elect a new union leader. “We put a temporarily hold on the walkout because we cannot continue the strike while holding an
New Kumho Georgia Plant Progresses, Set for 2016 Open
Kumho Tire USA Inc.’s first U.S. tire plant is well on its way toward completion, as work crews at the site near Macon, Ga., have been racing to meet construction deadlines. The 1-million-square-foot tire plant, according to local reports, is about 90% complete and is on track to begin production in early 2016. Delayed for
Lockout, Riots at Kumho Factory
On Sunday, Kumho Tire announced it would shutdown operations at three of its plants following ongoing labor disputes. The following day riot police were called as unionized workers protested the lockouts at Kumho’s plant in the Gwangsan District, Gwangju. The union demanded Kumho cancel its lockout immediately and said the rally would continue until their
No Agreement Made on Kumho Industrial Sales Price
Creditors failed to reach an agreement on a price to sell their 57.5 percent stake in Kumho Industrial, the Korean Times reported. Last week, creditors were pushing Kumho Asiana Group to pay more than 650.3 billion won – the amount the company has said it cannot exceed – to purchase Kumho Industrial. On Aug. 27, the Korea