Kumho Joins RubberNetwork

Philip J Ringo, chairman and CEO of RubberNetwork LLC, named Kumho Tire as the 10th member-owner of the global Tire and Rubber Industry Consortium. “We welcome Kumho Tire to RubberNetwork. They join nine of the Industry’s largest and most successful companies, Continental Tire, Cooper Tire & Rubber, Goodyear, Hankook, Michelin, Pirelli Tire, Sumitomo Rubber, Toyo Tire and Rubber and Yokohama Rubber Co. Ltd. in what we believe is the most successful industry consortium. The addition of Kumho is both a validation of their stature in the Industry and the wisdom of RubberNetwork’s founders in forming the Company in 2000” Ringo said.

RubberNetwork also announced its intention to establish a sixth office, in Seoul, immediately. Brian Selby, VP Asia for RubberNetwork noted: “Adding Seoul to our existing RubberNetwork offices in Shanghai, Singapore and Tokyo provides comprehensive support and coverage for all our Members with operations in Asia.”

RubberNetwork has generated sourcing savings in excess of $300 million since inception. The company also has made over 300 connections between its members and their direct material suppliers through RubberNetwork’s Supply Chain Network in Japan, Europe and North America. “These results underline the effectiveness and stability of the Tire and Rubber Industry Consortium since it began active operation in mid-2001. We look forward to Kumho’s participation in these Services.” Ringo noted.