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R&D investment aids quality and technology within Hankook range

Hankook reports that five per cent of its annual revenue is directed towards research and development, an investment it says allows the development and production of the very latest in market-specific tyre solutions. Such investment is considered by the Korean manufacturer as key to ensuring optimum quality and technology within its high performance portfolio – a range it says is specifically designed to suit all types of motorists.

7th June 2012/by Tyrepress Editors

Thornleigh fleet gets a Hankook makeover

Thornleigh Freight has announced it is overhauling the look of some of its vehicles, turning them into a striking Hankook branded fleet. Thornleigh Freight has worked with Hankook for over 10 years and has recently signed a new contract to store and distribute Hankook products. To cement the partnership even further Thornleigh Freight also chose to develop some Hankook branded vehicles to form part of their existing fleet.

17th May 2012/by Tyrepress Editors

Hankook acknowledges employees’ long service

Hankook recently celebrated the long service of a number of its employees at the company’s UK head office in Daventry, Northamptonshire. Barrie Horrocks, Hankook UK sales director and Ian Mayoll, UK PCR sales manager were both recognised for their 10 years service at Hankook Tyre UK Ltd. They were joined by several other members of the Hankook team as Tracy Martin (accounts assistant), Liz Coles (credit controller), Ben Francis (franchise manager) and Paul Field (logistics administrator) were also congratulated for their dedication.

16th May 2012/by Tyrepress Editors

Hankook renews Northampton rugby union elite sponsorship

Hankook Tyre UK has announced that its partnership with Northampton Saints Rugby Club will be extended for a further four years, having begun in 2009. The new agreement means Hankook will remain the elite sponsor until 2016, with the company’s logo positioned on the team’s shirts. The tyre manufacturer’s headquarters are in Daventry, Northamptonshire, near the Saints’ home ground, Franklin’s Gardens. Tony Lee, managing director of Hankook Tyre UK stated that “The partnership between Hankook and the Saints has been a great success to date.”

2nd May 2012/by Tyrepress Editors

Hankook records double-digit global growth in Q1

Hankook Tire has reported continued sales growth during the first quarter of 2012. Growth was experienced in North American and European markets, and the company said demand for its ultra high performance tyres had rapidly increased during the first three months of the year. Seung-Hwa Suh, vice chairman & global CEO of Hankook Tire said: “Despite continued global economic downturn, we have been able to set global sales growth and operating profit based on consistent tyre quality improvement as well as brand equity enhancement.

1st May 2012/by Tyrepress Editors

Divestment of Hankook tyre business approved

On 25 April, Hankook Tire Co., Ltd. reported to the Korea Stock Exchange that its Board of Directors has approved the divestment of its tyre business, effective 1 September 2012. This measure is being taken to improve shareholders' and corporation value. The company will remain listed and the division being divested, Hankook Tire Worldwide Co., Ltd., will form a public company.

30th April 2012/by Tyrepress Editors

Hankook survey shows strong US interest in eco-tyres

According to the results of Hankook Tire America’s “Spring Gauge Index”, 61 per cent of drivers in the US would be interested in buying eco-friendly tyres. The main reason for making such a purchase is the potential fuel savings they’d deliver; Hankook’s study shows that 68 per cent of drivers who’d buy eco tyres gave this reason as their motivating factor.

23rd April 2012/by Tyrepress Editors

Hankook to supply BMW 3-Series

In recent times run-flat champion BMW has spurned this particular sort of tyre for a number of entry-level models, and now it is offering its 316d to 320d and 316i to 320i with standard tyres. Hankook has been selected as a supplier for this more affordable end of the range; its Ventus S1 evo² has will be fitted in size 205/60 R16 W as original equipment. Following on from the Mini and the 1-Series, the new 3-Series is the third BMW Group model to be fitted with the Korean manufacturer’s tyres.

16th April 2012/by Tyrepress Editors

Hankook takes over as Formula 3 Euro tyre supplier

Last year Kumho announced it would cease its nine year-tenure as tyre supply to the Formula 3 Euro Series at the end of 2011. The series, run as part of the Hankook-supplied German Touring Car Masters (DTM), now has a new sole tyre supplier. Unsurprisingly, it’s Hankook.

5th April 2012/by Tyrepress Editors

Analysts: Michelin trying to recover lost market share with Tigar expansion

Michelin is aiming to recoup part of the market share it has lost in the last decade by pushing up tyre production and sales volume across the board. That’s the view of financial analysts at Morgan Stanley who described the company as “swimming in red ocean.” Referring to the 170 million euros the company just announced it is putting into increasing budget tyre production at its Tigar plant in Pirot, Serbia, financial analysts described the funding as “a small investment for Michelin”, but a “big clue for investors.”

3rd April 2012/by Tyrepress Editors

Hankook long haul tyres OE for Freightliner

Under a newly-announced original equipment supply agreement, Hankook Tire will supply Daimler Trucks North America (DTNA) with tyres for its Freightliner Cascadia and Coronado models, starting in May 2012. The two flagship Freightliner trucks will be equipped with Hankook Tire’s AL11 steer and DL11 drive tyres, the tyre maker stated during the 2012 Mid-America Trucking Show.

26th March 2012/by Tyrepress Editors

Hankook names Northern Italy logistics provider

A three-year agreement covering Northern Italy has been signed between Hankook Tire Italy and CEVA Logistics. Under the terms of the deal, CEVA manage the storage, distribution and reverse logistics for Hankook’s tyres at its facility in Somaglia, near Lodi in Italy. A dedicated 6,000 square metre area will be reserved for the tyre maker within the Somaglia site, and from there CEVA will use to incoming and several outgoing vehicles each day to distribute car, light commercial vehicle and truck tyres across northern Italy and will also manage a shuttle service to Hankook Tire’s main warehouse in Rome, which serves the central and southern areas of Italy. Over the course of a year CEVA estimates it will handle 500,000 tyres across 400 product lines.

20th March 2012/by Tyrepress Editors

Hankook launches Vantra LT

Hankook Tire’s light commercial vehicle line-up has been expanded with the introduction of a new all-season light truck tyre, the Vantra LT. The company says it developed the range to deal with the high demands placed on passenger and goods transport vehicles in regional traffic; it adds that durability, fuel efficiency and mileage played a key role during development, as did safety-related driving characteristics such as short breaking distances and superior wet performance. The new Vantra LT is available in 34 dimensions, covering 14 to 16-inch rim diameters in series 82 to 60 and tread width from 165 to 235. All tyres in the Vantra range bear the M+S marking.

20th March 2012/by Tyrepress Editors

Al Dobowi begins Hankook supply deal for Dubai’s taxi fleet

Dubai’s Roads & Transport Authority (RTA), the body responsible for taxis within the emirate, has signed a taxi tyre supply contract with the Al Dobowi Group. The two-year deal, valued at AED 10,558,195 (£1.8 million) deal, was signed by Al Dobowi executive director Harjeev Khandari and Yousef Al Ali, acting CEO of the Dubai Taxi Corporation. Under the terms of the agreement, Al Dobowi will supply Hankook tyres for and undertake tyre maintenance on Dubai’s taxis.

12th March 2012/by Tyrepress Editors

Swedish touring championship to run on Hankook tyres

Hankook has signed on as official tyre supplier to the Swedish TTA – Racing Elite League (Elitserien i Racing) touring car championship, and will provide competitors with its Ventus F200 slick and Z207 rain tyre for each of the coming season’s eight races. Announcing the deal, Hee-Se Ahn, Hankook Tire vice-president for Marketing & Sales in Europe, stated “we are truly excited about our new partnership with the TTA. With this partnership we are taking a significant next step in our European motorsports engagement as it is the first time we are the exclusive tyre supplier to a racing series in the Scandic markets. The TTA’s approach to motorsport of constant refinement of their cars with innovative materials and designs is the type of racing that perfectly matches our company motto 'Driving Emotion'.”

12th March 2012/by Tyrepress Editors