Max Ice Performance
Kumho Tire USA Inc. has released the Wintercraft Wi31, which features optimal stud arrangement for maximized ice performance, upgraded stud deco for improved braking on ice, as well as 3-D snow sipes that deliver better handling, braking and control, Kumho said. Additionally a new lateral groove design assists with of snow/wet traction. This tire is
Kumho Takes Red Dot Design Award
Kumho has won the Red Dot Design Award 2015 for three of its tires: the Ecsta HS51, Cruzen HP91 and Sealant Tire, according to an article in the Korea Times. This marks the fourth consecutive year the tiremaker has earned the honor. The article cited a Kumho official as saying that design has become an
Kumho Exec Leaves for Linglong
China-based Shandong Linglong Tyre Co. Ltd. tapped John Hagan as its chief operating officer for Linglong Americas Inc. Hagan previously served as Kumho Tire U.S.A.’s national sales vice president, leaving that post after less than two years. “In preparation for John’s departure, we have already taken steps to fill his position,” said Harry Choi, president
Bonds Will Finance Georgia Tire Facility
South Korean tire manufacturer Kumho Tire USA Inc. will sell bonds to help finance the construction of its one million-square-foot facility in Macon, Ga. The Macon-Bibb County Industrial Authority agreed to issue bonds for up to $600 million for the plant, but “it was up to Kumho to decide when to put those bonds up
Kumho to Repurchase Bus Company
Kumho Asiana Group will buy back Kumho Buslines from IBK Securities-Keistone Partners (IBK Fund), according to the Korea JoongAng Daily. Park Sam-koo, the group’s chairman, wants to buy back the company because the entire group was founded on Kumho Buslines after his father founded it in 1946. The price of the sale has not been
Potential Buyers of Kumho Industrial Revealed
Several parties have submitted bids for the majority stake of Kumho Industrial, the holding company of Kumho Asiana Group. According to Korean media, there is new interest in purchasing the 57.4% stake of Kumho Industrial because ownership of the company has stated that the price would include management rights to several of Kumho’s affiliates. The
Majority of Kumho Industrial for Sale
Creditors of Kumho Industrial, the holding company of Kumho Asiana Group, have put their majority stake up for sale, according to the Korea Joongang Daily. The creditors acquired 57.4% share of the company when it was suffering a liquidity crunch in 2009. The investors will accept letters of intent through Feb. 25 and plan to
Kumho to Relocate Chinese Plants
Kumho Tire Co. will move all of its factories in Nanjing, China, following a government mandate in 2011 that said all factories in the city must be moved to the outskirts of to improve residential areas, according to the Korea JoongAng Daily. Kumho currently operates two plants in Nanjing – one that produces passenger car
Kumho Unveils NBA All-Star Plans
As the official tire of the NBA, Kumho Tire USA has announced several plans for the NBA All-Star 2015 in New York City. The tiremaker will have special signage and programs around the NBA All-Star 2015 event and has teamed up with seven-time all-star Carmelo Anthony to be featured in several of its promotions. “We
Bond Approved for Kumho’s U.S. Plant
Macon-Bibb County, Ga., has approved a $475 million bond for the construction of Kumho’s plant in Macon, according to Global Atlanta. Now that the bond has been approved officially, construction at the site can move ahead. In 2008, the county agreed to reduce the taxes on the plant to help make Bibb an attractive site
Kumho Tire Works on House
Kumho Tire USA Inc. is building its house, according to Harry Choi, its president. Its current focus is on constructing a strong foundation, focusing on some major Ps – price, product, promotion, and people – Choi told dealers and distributors at the tiremaker’s annual dealer meeting, held in early December 2014, in Vieques, Puerto Rico.
Kumho Graduates Debt Workout Program
Kumho Tire Co. graduated from a debt workout program it was placed under five years ago due to liquidity problems, its creditors announced today, Dec. 23. The workout scheme was approved in December 2009 by Kumho’s parent company Kumho Asiana Group after the group suffered a severe liquidity crunch from the purchase of Daewoo Engineering