Hankook Reportedly Ahead of Schedule with Hungarian Plant

(Akron/Tire Review) South Korean tiremaker Hankook Ltd. said it may be able to complete the first phase of the construction of its new 92,000-square metre plant in Dunaújváros, Hungary, by the end of March. The majority of the workforce has already been hired, and training has begun, Hankook said.

Original plans were for the plant to come on stream in the summer. However, the Hungarian business daily Napi GazdasÁg reported that production would begin in March. Completion of the building project was scheduled for the end of 2007 or early 2008. The plant is expected to produce 10 million tyres per year once completed.