Report: Hankook scouting South Carolina, Georgia and Alabama locations
Hankook Tire Co. is scouting potential sites in South Carolina, Georgia and Alabama for its planned US tyre plant, according to US news sources.
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Hankook invests 313 million euros in Hungary factory expansion
NewsHankook Tire and the Hungarian Government have jointly announced details of further investment in the tyre manufacturer’s European production facility, located 60 kilometeres south of Budapest. Hankook plans to invest some 313 million euros in adding a further manufacturing unit to the site, which will create over 950 new jobs and further boost Hankook’s production volume in Europe, bringing capacity up to 17 million tyres per year.
Hankook exhibits new tyres at CV Show 2013
Product News, RetreadingHankook unveiled several new commercial tyres at the CV Show, including the bead to bead retread truck tyre the Alphatread. Additionally Hankook’s latest truck tyres, which aim to fill a gap it identifies between medium and long haul transportation, were displayed, while the brand raised interest in its stand through its sporting sponsorships. Tom May and Phil Dowson, players from Northampton Saints RFC visited the stand, while Hankook also ran a competition to win VIP tickets to football’s Europa League semi-final, a partnership that was announced at last year’s show.
Hankook chairman to strengthen control through capital increase
NewsSeoul-based Korea IT Times reports that Hankook Tire’s holding company, Hankook Tire Worldwide, will increase its capital by issuing capital stock for noncash assets. This is being done in order to make Hankook Tire its subsidiary, the ICT journal explains. Through the capital increase, Hankook Tire chairman Cho Yang-Rai and his family will be able to strengthen their control over the company by doubling their stake in the holding company.
CV Show 2013 exceeds expectations
NewsApril’s annual gathering of the UK logistics industry, The Commercial Vehicle Show at Birmingham’s NEC represents a fine opportunity for those in the tyre industry to connect with this side of their business. The 2013 iteration boasted the best exhibitor turnout since 2009, and the show itself seemed to have exceeded many expectations for visitor numbers, which usually number around 16,000 over its three days, the organisers say. Certainly Tyres & Accessories witnessed busy stands visiting the show on day two.
Hankook extends DTM tyre partnership
NewsHankook and European touring car racing series DTM have signed an extension to their official tyre supplier deal, extending the partnership until at least 2016. DTM’s organisers have been sufficiently satisfied by the development of Hankook’s Ventus line of motorsport tyres to sign the deal ahead of schedule, while the Korean tyre manufacturer is keen to sustain the brand value and premium brand status it derives in part from this deal. Hankook added an all new option tyre specification this season, which it president & chief marketing officer/chief corporate management officer at believes allows the company to demonstrate the brand’s performance on premium brand vehicles.
Rising UHP sales drives Hankook operating profit higher
NewsAlthough its first quarter sales are down 1.7 per cent year-on-year and 1.3 per cent lower than in the final quarter of 2012, Hankook Tire describes its consolidated sales for January to March 2013 as “well-sustained”, and the company’s bottom line faired well. The company earned global revenues of KRW 1.68 trillion (£975 million) in the first quarter, while operating profit amounted to KRW 254.4 billion (£147.8 million), a 10.4 per cent year-on-year improvement and 14.4 per cent higher than in Q4 2012. The operating profit to sales ratio reached 15.2 per cent.
Hankook introduces all-season truck range
NewsIf the weather in Europe is anything it is fickle, and the last couple of years have thrown several extremes our way. Hankook recognises that all-season tyres may be very much at home in our unpredictable conditions and has introduced an entirely new range of medium to long haul truck tyres for all-season purposes. The range is called Smartflex and consists of each three main sizes for steer and drive axle tyres. Hankook says the M+S marked tyres are designed to handle increased load capacities and to provide driving safety under changing weather conditions.
Mystery over North American factory plans
NewsUS publication Tire Review reports that Northwestern Mississippi and western Tennessee are “abuzz with rumours over what automotive or tyre company plans to build a significant production facility in the region.” Mississippi Governor Phil Bryant has called the state legislature into a special session on 26 April to consider a batch of economic incentives to lure a company to the state, and Tire Review says that a local newspaper describes the company in question as being a “Japanese” tyre company that wants to build a plant there.
Hankook kicks off new Superstars season
NewsA successful start to the Superstars and GT Sprint International Series was enjoyed by tyre supplier Hankook. The opening round of the two SWR promoted series at Monza took place in conditions Hankook Tire describes as “tricky”, with occasional rain and cool temperatures demanding the upmost performance from drivers and tyres. The tyre maker says the Ventus slicks received “high praise” from top drivers for their “reliable performance and high level of consistency.”
Hankook to ‘fill the gap’ between medium and long haul with CV Show launch
NewsIn addition to unveiling its Alphatread retread range at the Commercial Vehicle Show, Hankook will also host the world premiere of its latest truck tyre solution – one it says will “fill the gap between medium and long haul.” Other CV Show highlights for Hankook include a stand visit from the Northampton Saints Rugby Club and a competition to win VIP tickets to the Europa League Semi Final.
On-road performance a focus for Hankook’s Dynapro HP replacement
NewsHankook describes the SUV segment as “thriving”, and to cater for this class of vehicles it has released a new high performance summer product, the Dynapro HP2. The tyre maker says the HP2 has been developed primarily for on-road use, and a focus has been placed upon the three label criteria plus comfort levels. The original equipment and aftermarket range mainly covers 15 to 19-inch rim diameter sizes, and many fitments are XL marked.
Aeolus reveals Asia PCR range, top 10 ambitions
NewsChina’s fifth largest tyre manufacturer by sales, Aeolus announced its entry to the southeast Asia passenger car market on 20 March with the launch of a complete range of PCR tyre products. The new venture comes on the back of the construction of a new car tyre manufacturing plant in Jiaozuo; the 625,000sqm factory is capable of manufacturing six million tyres a year. Aeolus is exhibiting its new tyres at Tyrexpo Asia 2013 in Singapore.
Hankook proves itself good egg to local charities with Easter donation
NewsHankook Tyre UK has a diverse product portfolio, but when it comes to Easter the company has put all its eggs in one basket – and donated them to local charities and centres for children and adults with learning disabilities and autism. The tyre maker has donated hundred of Easter eggs to the Daventry-based Sure Start Children’s Centre, The Cube Disability, a centre for adults with learning disabilities and autism, and Northampton based charity Kidsaid.
CV show launch for Hankook retread range
NewsAt last September’s IAA Commercial Vehicles show in Germany, Hankook UK sales director Barrie Horrocks told Tyres & Accessories of plans to introduce a bead-to-bead retread range in 2013. He also shared that the UK would serve as a pilot market for the new truck tyre retread line, which will be marketed under the ‘Alphatread’ brand name. Hankook now reports it will unveil its first Alphatread products at the Birmingham-based Commercial Vehicle Show in April, ahead of their UK launch in the second quarter of 2013.
