You are here: / / / Hankook scales back production, sets record inventory glut

Hankook scales back production, sets record inventory glut

Author: Andrew Bogie Comments: 0
Hankook Technodrome The Foster + Partners-designed Hankook Technodome will serve as an incubator for innovative new technologies

Hankook has slowed its production in response to amassing a record inventory glut. Seoul’s Yonhap News Agency reports that the manufacturer has 660,000 unsold tyres, or 8.5 per cent of its monthly 7.75 million production capacity. The agency quotes an unnamed Hankook source as saying that the growth in demand expected after March had failed to materialise, leading to the surplus.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Mesnac consolidates regional operations into global tooling division
  2. Sentury internationalising with US tyre factory investment
  3. UK car manufacturing at 10-year high
  4. Hankook UK focuses on brand, ups TV advertising budget 50%
Comments
Comments closed
Share this entry
2 new winners on Yokohama F4 tyres Will Palmer takes one of his two Snetterton Formula 4 victories Cooper plans Ohio technical centre to supplement Melksham facility

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.